New York based platform to help financial institutions move money and predict funds availability raised $5.2m in Seed funding led by Homebrew.
“Foresight unlocks money immediately and eliminates the risk,” Kirkpatrick told Crunchbase News. “We’ve become an instant economy everywhere else but in the banking industry, where you can’t invest your money immediately. It’s a vicious cycle for access to your money.” Kirkpatrick opened and closed the seed round during the pandemic. With the new funding, Orum is building a team, preparing for the Foresight launch, and expanding its use cases. The company is now working with 50 customers and has a waiting list, she said.
https://news.crunchbase.com/news/orum-banks-on-5-2m-seed-round-for-money-moving-platform/