In this episode of Fintech Confidential, recorded at the 2024 Money 20/20 event, Tedd Huff talks with Orum’s CEO, Stephany Kirkpatrick, about simplifying money movement for businesses. Orum’s API products, Deliver and Verify, enable instant payouts across major payment networks, reducing costly bank integrations. The discussion covers Orum’s remote-first team culture, the impact of regulatory changes like the CFPB’s 1033 rule on consumer data access, and the potential of stablecoins in international payments. Kirkpatrick also shares advice for fintech founders: focus on a single strong product, build reliable partnerships, and prioritize transparency and efficiency in services.
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
Building a Strong Product First
Trusted Partnerships for Reliable Payments
Takeaways
1️⃣ Apply Financial Planning Insights to Your Startup Vision
2️⃣ Keep Remote Teams Engaged with Simple Tools
3️⃣ Streamline Payment Solutions with Easy APIs
4️⃣ Enhance Security in Transactions with Verification Tools
5️⃣ Choose Strong Partnerships to Boost Your Business’s Credibility
Links:
Stephany Kirkpatrick: / stephany-kirkpatrick
Orum: https://orum.io/
LinkedIn: / helloorum
X: / hello_orum
Facebook: / helloorum
Instagram: / orum.io
Fintech Confidential
Podcast: https://fintechconfidential.com/listen
Notifications: https://fintechconfidential.com/access
LinkedIn: / fintechconfidential
X: https://X.com/FTconfidential
Instagram: / fintechconfidential
Facebook: / fintechconfidential
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About:
Guest
Stephany Kirkpatrick is the CEO and founder of Orum. With over 15 years of experience, she has led digital product initiatives at major firms like Northwestern Mutual and LearnVest. She 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 & efficiency through streamlined payment solutions.
Orum is a simple API for fast, reliable payments delivering rails access to Same Day & standard ACH, with instant bank account verification. Allowing businesses to launch instant payments and instant bank account verification in just days, without costly bank integrations or prolonged compliance. Empowering businesses & banks to launch new payment experiences that attract & monetize more customers. Founded by Stephany Kirkpatrick & 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.
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, & 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, & production company that delivers engaging content globally
02:46 Meet Stephany Kirkpatrick
03:47 Orum's Mission and Achievements
04:42 The Donutique Connection
06:53 Stephany's Journey
08:56 Birth of Orum
10:27 Fintech Challenges & Insights
14:32 Orum's Deliver and Verify
18:30 Target Audience & Integration
25:20 Future of Money Movement & Optimization
29:46 Certainty in Financial Transactions
30:26 Importance of Strategic Partnerships
32:13 Regulation's Role in Fintech
33:42 1033 Impacts
35:56 Future of Payments
37:28 Blockchain Potential
39:06 Leadership Lessons
41:14 Building a 911 List
42:18 Not a Family
43:36 Remote Work
46:09 Hiring & People Strategy
47:52 The Future of Fintech
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