About Orum
Orum is a company based in United States founded in 2019 by Stephany Kirkpatrick.. Orum has raised $82.2 million across 3 funding rounds from investors including SVB, Accel and Bain Capital. The company has 73 employees as of December 31, 2021. Orum offers products and services including Deliver, Verify, and Monitor. Orum operates in a competitive market with competitors including Zeta, Tink, Codat, Yodlee and Bud, among others.
- Headquarter United States
- Employees 73 as on 31 Dec, 2021
- Founders Stephany Kirkpatrick
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Project Midas, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$82.2 M (USD)
in 3 rounds
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Latest Funding Round
$56 M (USD), Series B
Jun 29, 2021
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Investors
SVB
& 14 more
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Employee Count
73
as on Dec 31, 2021
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Products & Services of Orum
Orum offers a comprehensive portfolio of products and services, including Deliver, Verify, and Monitor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for 24/7 payments via direct-to-Fed connections.
Technology to instantly check bank account status and ownership.
Portal for real-time money movement oversight and optimization.
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Funding Insights of Orum
Orum has successfully raised a total of $82.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $56 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $56.0M
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First Round
First Round
(06 Aug 2020)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Orum | Valuation | Accel , Canapi Ventures | |
| Apr, 2021 | Amount | Series A - Orum | Valuation | Bain Capital | |
| Aug, 2020 | Amount | Seed - Orum | Valuation | Homebrew |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Orum
Orum has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Accel and Bain Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investing in B2B software and fintech for the financial services economy.
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Founded Year | Domain | Location | |
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Debt and equity investments are pursued across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Orum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Orum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Orum Comparisons
Competitors of Orum
Orum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Codat, Yodlee and Bud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
API-enabled platform for business payment processing is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Orum
Frequently Asked Questions about Orum
When was Orum founded?
Orum was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Orum located?
Orum is headquartered in United States.
Who is the current CEO of Orum?
Stephany Kirkpatrick is the current CEO of Orum. They have also founded this company.
Is Orum a funded company?
Orum is a funded company, having raised a total of $82.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.2M, raised on Aug 06, 2020.
How many employees does Orum have?
As of Dec 31, 2021, the latest employee count at Orum is 73.
What does Orum do?
Orum was established in 2019 in the United States within the fintech sector. API-based data exchange is utilized to enable financial institutions and businesses to predict fraud and returns. Real-time money movements are facilitated by routing funds across various payment rails, incorporating optimizations for risk, cost, and speed. Operations focus on open banking infrastructure to support secure and efficient financial transactions.
What products or services does Orum offer?
Orum offers Deliver, Verify, and Monitor.
Who are Orum's investors?
Orum has 15 investors. Key investors include SVB, Accel, Bain Capital, Primary, and ACREW.
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