In this content-rich episode, Ally McCloskey sits down with Stephany Kirkpatrick, Founder & CEO of Orum. Orum is building new and frictionless financial infrastructure to power smart, real-time, and fully-automated money movement across accounts, products, and financial institutions. Backed by Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, Primary, Clocktower, Box Group, SVB Capital, AmEx Ventures, and an impressive angel network.

Orum has 2 signature products in market: 1) Orum’s Foresight product is an ACH risk intelligence tool, which identifies and reduces ACH return risk and fraud before it occurs by pulling in extra data through partnerships with financial institutions. And 2) Orum’s Momentum product, which intelligently routes which payment rails a transaction should travel on given the financial institution’s preferences for speed and cost.

Ally and Stephany discuss:

- How Stephany’s background as a CERTIFIED FINANCIAL PLANNER™ and years of working at LearnVest and Northwestern Mutual exposed to her a ubiquitous market challenge

- Stephany’s earliest steps when taking the plunge into starting a company

- Why Orum started in stealth

- The history of payment rails and infrastructure and why there is so much friction in the system

- How the burden of ACH risk ultimately lands on the end user via nonsufficient funds and overdraft fees

- Stephany’s advice on looking for stage-specific and sector-specific investors, but most importantly screening for good humans

- The great recommendation she got from Satya Patel at Homebrew on hiring a Head of People early

- Her impressive Whoop record

- And a WHOLE lot more

Stephany Kirkpatrick

Stephany Kirkpatrick is a digital executive and seasoned entrepreneur with over 15 years experience in companies across a variety of industries, from startups to Fortune 100 corporations. Stephany founded Orum in 2019 on the belief that consumers should have immediate access to their money. Stephany is a CERTIFIED FINANCIAL PLANNER™ who’s spent the last decade building technology to optimize financial outcomes for Americans – first at LearnVest where she helped design its financial planning software and now at Orum. Orum is building new financial infrastructure that allows money to move immediately and automatically across accounts, products, and financial institutions. Stephany leads with strong core values and believes in diversity of thought and people. She is a mother of two young girls and actively participates in building a future that empowers women through her mentorship work.

About Orum

Orum is building the infrastructure for a frictionless financial system, powering smart, real-time money movement with proprietary intelligence. Enterprises partnered with Orum can stop spending time thinking about how to move money and focus on the simple question: how fast. Learn more at https://orum.io, and check out Orum's inclusion in the 2021 Forbes FinTech 50 list here: https://www.forbes.com/companies/orum/?sh=49118a29712a.

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