Atum Completes $13.5 Million Financing and Launches Open Payment Network

The open payment network Atum has announced the completion of a $13.5 million financing round, with investors including Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, Credibly Neutral, and strategic advisor Charlie Songhurst. Atum connects payment companies, developers, and enterprises through a single coordination layer, without issuing currency, operating a blockchain, favoring specific rails, or holding customer funds. Any integrator, developer, or application can submit payment requests, while settlement providers compete in the market to complete payments on supported chains and stablecoins, offering native authorization, revocable payments, and identity capabilities. The network is incentivized based on transaction volume and is aimed at issuers, acquirers, payment service providers, card organizations, stablecoin orchestrators, wallets, fintechs, and enterprises. Atum supports financial institutions and stablecoin issuers, covering non-agent stablecoin payments as well as agent payments conducted through proxy protocols like x402 and MPP. Founder and CEO Pete Cooling previously led Visa's crypto product team and represented Visa at the Linux OpenWallet Foundation. The company is now open to builders, with its website at atum.xyz.

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