← Embedded Finance Index 2026

Orum

“Can a unified, rail-agnostic payment orchestration API with embedded ML-driven funds availability prediction become the standard infrastructure layer for enterprise money movement in the US?”

Founded2019
HQNew York, NY, USA
FoundersStephany Kirkpatrick
Total raised$82M+
Latest roundSeries B, June 2021
IndustryInfrastructure / Payments
The story

Founded in 2019 by Stephany Kirkpatrick (formerly of LearnVest/Northwestern Mutual), Orum set out to solve the latency and uncertainty of ACH-based interbank money movement using AI and machine learning. It built a unified payment orchestration API that routes transactions across ACH, RTP, FedNow, and Visa Direct rails with predictive funds availability. After raising $82M+ through a fast-paced Series A and B in 2021, Orum scaled enterprise partnerships with banks and fintechs before ultimately being acquired by Stripe, where it operates as an embedded payments infrastructure subsidiary.

Last 12 months
2024
Product timeline
2019
Founded by Stephany Kirkpatrick to build AI/ML-powered financial infrastructure for faster interbank money movement.· pivot
2020
Raised $5.2M seed round led by Inspired Capital; began building predictive funds availability intelligence.· banking
2021
Raised $21M Series A and $56M Series B within months; total raised exceeded $82M; partners include First Horizon Bank, One, and Alloy.· banking
2021
Launched unified API products covering payouts, deposits, account-to-account transfers, and bank account verification.· banking
2023
Launched 'Direct to Fed' payments solution enabling 24/7 money movement and added Visa Direct access.· banking
2024
Acquired by / merged into Stripe, becoming an operating subsidiary; orum.io continues as a platform brand.· acquisition
The stack
3 layers disclosed in Orum’s embedded-finance stack
Payments / PSP
Orum Deliver (self-operated)Visa Direct
Money movement
in the full report
Banking / BaaS
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.