$170-200k
Frictionless financial infrastructure
Open for applications
Frictionless financial infrastructure
21-100 employees
Open for applications
$170-200k
21-100 employees
Orum is on a mission to maximize the financial potential of every American household.
Jump to section
Orum is on a mission to maximize the financial potential of every American household.
Orum offers a platform on which users can speed up banking transactions, which often take up to five days to process and complete.
The standard Automated Clearing House (ACH) network has been used since the early 1970s and is now well out of date, forcing customers and banks themselves to wait days to confirm the availability of funds before completing payments. Orum speeds this process along with one of its two services, called Foresight, which uses AI to predict whether funds are available in an account before authorizing transactions.
Its second offering, Momentum, helps consumers by choosing which route transactions should take according to cost and speed, be it ACH, credit card networks, real time payment networks or in the future, block-chain based systems.
Orum has impressed thus far since its 2019 launch, reducing the speed of 85% of transfers of SoFi banks and First Horizon to just one day, and attracting funding from Accel and Bain Capital.
Steph
Company Specialist
Jun 2021
$56m
SERIES B
Apr 2021
$21m
SERIES A
This company has top investors
Founders
Stephany Kirkpatrick
(CEO)Studied Financial Planning at UCLA, and at the Yale School of Management. At the beginning of her career, spent 8 years as Director of Retirement Planning at Pension Architects. Worked at LearnVest for 7 years, promoted from VP of Operations to General Manager. Became VP of Digital Products at Northwestern Mutual. Most recently worked as GM of Digital Strategy at SoulCycle.
Diversity & Inclusion at Orum.io