Orum.io, a company enhancing money movement through its payment orchestration platform, has joined forces Stripe, a global Fintech enabling online payment processing.
This milestone, shared by Orum’s Founder and CEO Stephany Kirkpatrick, CFP, on LinkedIn, marks a step forward in the mission to make financial transactions accessible for businesses and consumers.
The union of Orum and Stripe aims to reshape the ecosystem of real-time payments, leveraging the strengths of both companies to deliver value to their customers.
Orum.io, founded in 2019 by Stephany Kirkpatrick, has been addressing one of the most persistent challenges in financial services: the time it takes for money to move between accounts.
Kirkpatrick, a Certified Financial Planner with over 15 years of experience in fintech, built Orum with a clear vision—closing the “time to money” gap.
The company’s mission, encapsulated in the phrase “Time. To. Money,” focuses on enabling instant, reliable payments and bank account verification through a single API.
Orum’s flagship product, Verify, allows businesses to confirm bank accounts in 15 seconds or less, covering 100% of U.S. bank accounts and replacing outdated methods like micro-deposits.
By integrating with real-time payment networks like RTP and FedNow, Orum has empowered businesses to deliver payouts instantly.
Stripe, known for its payment infrastructure that powers businesses worldwide, is a suitable partner for Orum.
With Stripe now joining forces with Orum, this latest move aligns with its recent strategic efforts to expand beyond traditional card payments.
Over the past six months, Stripe has acquired companies like Bridge (for stablecoin offerings) and Privvy (for crypto on/off ramps).
Orum’s expertise in payment orchestration, particularly for ACH, RTP, and FedNow, complements Stripe’s platform.
Having raised over $80 million from investors like Inspired Capital, Bain Capital Ventures, and Accel, Orum has been focused on product development.
Its partnerships with clients like RepRally and Public.com indicate the real-world impact of its technology.
For instance, RepRally’s sales representatives, who previously waited weeks for commission payouts, now receive funds instantly, enabling opportunities like family vacations.
This focus on reducing friction in financial transactions aligns with Stripe’s commitment to simplifying payments for businesses.
For Kirkpatrick, this moment is also personal.
As the daughter of a Yugoslavian refugee, she founded Orum to address the inefficiencies she witnessed in traditional financial systems that often failed families like hers.
Her leadership has positioned Orum as a key player in the industry.
Joining Stripe offers Kirkpatrick and her team the opportunity to scale their impact globally, leveraging Stripe’s resources and customer base to bring instant money movement to users.
The fintech community has reacted positively to the news, with posts on social media highlighting Stripe’s strategy and Orum’s role in enhancing its money movement capabilities.
This move validates Orum’s approach and signals a broader trend in fintech toward integrated, real-time financial solutions.
As Orum integrates with Stripe, customers can expect faster, more seamless payment experiences, while the industry anticipates further advancements in how money moves in the digital economy.
For Stephany Kirkpatrick and her team, this is a strategic move and starts a new chapter in their mission to improve financial infrastructure.