What Happens When You Solve the $80 Trillion Problem? - Donuts, APIs, and Innovation: The Orum Startup Story with Founder & CEO Stephany Kirkpatrick

See MoreIn this episode of Fintech Confidential, recorded live at the 2024 Money 20/20 event in Las Vegas, Tedd Huff and Stephany Kirkpatrick, founder and CEO of Orum, dive into the world of money movement technology. The discussion flows naturally, covering the many ways Orum is simplifying payments and enhancing access to funds. Kirkpatrick brings a unique perspective, sharing how her background as the daughter of an immigrant and a former financial planner shaped her understanding of money access and inspired her to start Orum.Key Highlights🚀 Making Instant Payouts Possible for Businesses🍩 Time to Make the Donuts💸 Why Wait for Money Movement?💲 Real-Time Payments Without High Costs🔒 Making Compliance Easy💼 The Power of Clear Pricing📊 CFPB’s 1033 Rule and Data Access🌐 Stablecoins in International Payments🏗 Building a Strong Product First🤝 Trusted Partnerships for Reliable PaymentsTakeaways 1️⃣ Apply Financial Planning Insights to Your Startup Vision2️⃣ Keep Remote Teams Engaged with Simple Tools3️⃣ Streamline Payment Solutions with Easy APIs4️⃣ Enhance Security in Transactions with Verification Tools5️⃣ Choose Strong Partnerships to Boost Your Business’s CredibilityLinks: Stephany KirkpatrickLinkedIn: https://www.linkedin.com/in/stephany-kirkpatrick/Orum:Website: https://orum.io/LinkedIn: https://www.linkedin.com/company/helloorumX: https://twitter.com/hello_orumFacebook: https://www.facebook.com/helloorum/Instagram: https://www.instagram.com/orum.io/Fintech ConfidentialYouTube: https://fintechconfidential.com/watchPodcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://X.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupportersSupportersUnder: Transform Your Merchant Applications with Under. The Under platform revolutionizes the way ISOs handle merchant applications, offering a seamless transition to digital forms. Say goodbye to outdated processes and hello to efficiency. Discover the future of financial applications at https://under.io/ftcCheckAlt: a game-changer in the financial world: ClearingWorks. Simplify your financial management with a one-stop solution for all your AR needs and with a single login. Intrigued? Visit https://clearingworks.com to schedule your demo todayHAWK:AI - A game-changing approach to compliance. With real-time monitoring, adaptive learning, and advanced AI, it cuts false positives, simplifying your compliance efforts. Upgrade your surveillance with ease. Visit https://gethawkai.com for more intelligent, more effective compliance.Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers. Get the best customer support system for your business. Get Solvpath. Get started by visiting www.getsolvpath.com Skyflow, the leading data privacy platform trusted by top financial institutions. Protect your customers' data with Skyflow's innovative solutions. Get started at www.skyflowsecure.comAbout:Guest Stephany Kirkpatrick is the CEO and founder of Orum, a pioneering API-based company enabling instant payouts across major payment networks. With over 15 years of experience, she has led digital product initiatives at major firms like Northwestern Mutual and LearnVest. Stephany, who began her career as a certified financial planner, founded Orum in 2019 to provide immediate financial access for businesses and consumers. Driven by her background as the daughter of an immigrant, her mission centers on enhancing financial freedom and efficiency through streamlined payment solutions.Orum is a simple API for fast, reliable payments. Orum’s API solution delivers access to rails including Same Day ACH and standard ACH – and instant bank account verification. Orum allows businesses to launch instant payments and instant bank account verification in just days, without costly bank integrations or prolonged compliance. This in turn empowers businesses and banks to launch new payment experiences that attract and monetize more customers. Founded by Stephany Kirkpatrick and led by expert fintech operators from LearnVest, Square, N26, Klarna, Marqeta, and Stash, Orum has raised over $82 million from leading investors, including Accel, Canapi, Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, BoxGroup, Clocktower Ventures, Primary Ventures and American Express Ventures. We provide the technology and expertise required to power a better financial system where everyone has the freedom to build to their potential.Host: Tedd Huff is the Founder of Voalyre, a professional services advisory firm focused on global payments and DD3 Media.Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.DD3 Media:DD3 Media is a  creation, management, and production company that delivers engaging content globally