Atum Launches Open Payments Network for Global Money Movement
Atum has emerged from stealth mode to launch the world's first open payments network, designed to streamline global money movement. The platform connects payment companies, developers, and enterprises through a single coordination layer without issuing currency or operating on blockchain technology. Atum supports settlement across multiple blockchains and stablecoins by allowing integrators to submit payment requests while providers compete for fulfillment. The company secured $13.5 million in funding from investors including Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, Credibly Neutral, and strategic advisor Charlie Songhurst. Atum's CEO Pete Cooling emphasized the need for new infrastructure to improve seamless money movement after years of blockchain research. Atum serves financial institutions, stablecoin orchestrators, fintechs, card networks, wallets, and developers by offering a credibly neutral platform where it is incentivized only through transaction volume.
Topics: blockchain payments startups venture_capital