Stripe is welcoming Stephany Kirkpatrick, founder and CEO of payments orchestration firm Orum. Financial terms of the agreement have not been revealed.
Founded in 2019, Orum provides an API that enables businesses to quickly launch instant payments, offering access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct—without the need for bank integrations or complex compliance issues.
The company has raised $82 million in funding from prominent investors, including Accel, Canapi, Bain Capital Ventures, and American Express Ventures.
In a blog post about her decision, Kirkpatrick stated, "After thoughtful consideration, it became clear that we have a rare opportunity to accelerate Orum’s mission and greatly increase our impact by becoming part of Stripe." She added, "Together with Stripe’s world-class team, we will continue our shared mission to power a better financial system where everyone has the freedom to build to their own potential."
This acquisition follows Stripe’s recent purchases in the crypto space, including a $1.1 billion acquisition of the stablecoin platform Bridge and a deal for the digital asset wallet infrastructure startup Privy.