Orum.io

Here’s the latest update on what’s happening at Orum. 📬 ✨ Product Launch: No Code RTP ✨ Archie Fueling the Future of 1099 Work ✨ Stephany Kirkpatrick, CFP® Joins 11:FS to Discuss FedNow ✨ Chesapeake Bank & Flexent Allow Truckers to Receive Instant Payments Check out the full issue below. 👇 https://lnkd.in/gZ8VSfsy

Fireside chat & #AMA about #payments with our founder & CEO, Stephany Kirkpatrick, CFP®. 👏

“It’s a full-time job believing in yourself. No days off.” This is more than an Instagram meme. It’s a truism essential to making it as a founder. You can have all the success, all the support of your investors and mentors — but YOU are the one who must believe in yourself, in your very core. I know this as founder/CEO of ⚡Orum.io ⚡. But if you struggle with this, you’re not alone. Here’s how to boost that confidence and beat imposter syndrome 👇 💻 Limit social media. 💻 LinkedIn is the founder's version of Instagram. It can quickly become a rabbit hole. As you endlessly scroll, it looks like everyone is raising money, starting new businesses, and constantly announcing exciting news. We know intellectually that social media is a sizzle reel, not reality — but emotionally, it can still feel like you don’t measure up. Give yourself a few minutes to scroll, then move on with your day. 🧘Feel the hard things, then let them roll off your back. 🧘 In early startup life, it can feel like things DON’T work as much as they do work. You get deep into proof of value with a potential client who doesn’t end up buying. A job candidate strings you along, then joins a competitor. This is where the spiral can begin 🌀: “Does this mean I’m not good enough?” No. They’re just things that happen in startup life. But if you let them, they’ll weigh on you — like pebbles in a backpack, slowly making your load heavier until you can no longer go on. Unload yourself, and look ahead to the next by... 🗒️ Make a list of opportunities and tackle one each month.🗒️ This could be a rolling list of those tasks you just haven’t gotten to yet, but could be unlocks for your business. Pick one to tackle each month — so even when things don’t go as planned, you have a ready list of items that are controllable, actionable, and accomplishable. 🧢Work with a coach. 🧢 Advice I come back to often, because it’s worth every minute and every dollar spent. It’s particularly important here: An objective observer can change your perspective, pull you out of spiraling about the little thing that went wrong this week, and reflect back on all of the incredible things you’ve accomplished. Always remember: You should take days off from work. But never, EVER take a single day off from believing in yourself. ✨ #truism #mindset #SelfMotivation

Congratulations to Tranch on their recent growth! 🥳 We’re honored to partner with you all to modernize and automate invoice delivery and embedded payments. Tranch chose Orum for our advanced payment orchestration 🔀, access to the latest and fastest payment rails ⚡, reliable uptime 🕰️, and seamless onboarding of sub-merchants. With Orum’s unified APIs, Tranch can now ensure the largest professional services firms in the world get paid 40% faster by providing their clients a frictionless experience from invoice to payment. ✅ Want the full story on why Tranch chose Orum? 🤔 Read what Philip Kelvin, co-founder & CEO, shared in this personal story. https://lnkd.in/gnCK5uAk #legaltech #accountsreceivable #fintech

How do you establish and maintain influence? Sara Khairi from Tearsheet takes a look at why leadership relevance is a critical component of achieving company growth in today’s market — starting with what Stephany Kirkpatrick, CFP®, our CEO & founder, says about seeking perspectives from professionals outside her usual circle: 💬 “Something that I think has been a tremendous asset to be more effective, both as a CEO and a leader of people, is having an executive coach.” Having a mentor who understands the intricacies of entrepreneurship – distinct from board members, friends, or spouses — has enabled Stephany to gain a fresh and objective perspective that has contributed to her leadership growth and pushed her initiatives forward. 💡The primary insight she has gained from this mentorship is the realization that success should be seen as a perpetual journey rather than a conclusive goal, emphasizing living in the now. 💬 “What I have learned from coaching is that I am successful, right now, today. Of course, we have other benchmarks for success in place. But we also have to evolve continually as the problem we’re solving evolves. I focus on the now and what’s the most relevant to the next couple of quarters to drive growth and overall success.” Check out the other thoughts from Immad Akhund (Mercury), Everett Cook (Rho), Michael Rangel (Novo), Max Levchin (Affirm), and Colin Walsh (Varo Bank) in the full articles linked below. https://lnkd.in/gzamwSuz #fintech #founders #leadership

If your compensation data isn’t updated in real time, it’s outdated. 🥱 At my company ⚡Orum.io⚡, we have several philosophies about comp. I’ve written here before about how we don’t negotiate salaries when you quit….and we really don’t negotiate on the way in, either. 🤷 To be able to take these stands, you need to have a leg to stand ON — meaning your comp data needs to be damn accurate, up to the minute. ⏰ Enter: Carta. 💵 Carta’s compensation tool is the focus of today’s #OrumOdes, a series in which I shout out products our team uses and loves. It’s the biggest database of private company salaries, with an eye for startups in particular. We use it to help create total comp, equity, and bonuses. 📊 You can filter by stage of company, region, role, seniority, specialty, etc. The filters let you get pretty precise, so it's way less guesswork and a lot more precision. (You NEED precision and confidence to implement policies like “we don’t negotiate salaries”!) 🤓 It’s a world 🌎 of difference since starting Orum in 2019. Back then, we received a spreadsheet every six months of backdated information largely from Silicon Valley companies — not New York-based startups. Now there’s magnitudes more data, and it’s updated in real time with Carta. We can mark our salaries to market, and put forth offers we feel really good about. 😃 This approach also helps us ensure that compensation is equitable. As I’ve written before, the folks who feel most comfortable negotiating are those who are already in a privileged position. So it’s about more than attracting and retaining talent here at Orum — real-time comp also helps us level the playing field in this space overall. ⚖️ Thanks to Henry Ward and the team!

I turned down a big job at Goldman Sachs…and ended up at a fitness company. 🚴🤷♀️ Here’s why it made me a better founder. 💪 When I got the Goldman offer, my career until that point had been purely finance. I was a Certified Financial Planner who had worked in retirement planning, was an early employee at financial planning startup LearnVest, and then I moved to Northwestern Mutual after an acquisition. I was following a pretty linear path. Going to Goldman was the obvious choice. But that’s not the path I took — instead, I went to SoulCycle, embarking on a journey that made me better as founder and CEO of ⚡Orum.io ⚡. Here’s why: ✨I learned that my definition of success was different. ✨ Everyone around me was incredulous: Go to Goldman, they said, and you can go anywhere from there! I heard it from my most successful friends, investors, former bosses, mentors. But after years of finance and lots of work travel, I had specific criteria in mind: I wanted to work for a female CEO, in a category I found interesting, at a company based in New York. Melanie Whelan and SoulCycle Inc. checked all those boxes. I had to learn to ignore external factors and listen to what I knew was right. 📕 My playbook went out the window, along with any preconceived notions.📕 As we gain expertise, we develop our playbook about how to get things done. But when you entirely change careers, that playbook is not at all applicable. All you have is a blank piece of paper…something you don’t get very often. I was used to building services on the internet; SoulCycle was not only software but brick and mortar, media, talent, hardware, creative, and content. I had no choice but to get even more comfortable with figuring things out. I developed the confidence and wherewithal to unpack a problem—to break it into small pieces and figure out how to get it done. 🤝 I massively diversified my network. 🤝 During my time in finance, my network grew bigger — with the same kind of people. At SoulCycle I was suddenly among creatives, fitness experts, supply chain gurus, designers, media folks who made me smarter. I’m talking about you Laurel Pinson, Jenna Frank, Bevin Prince, Tessa Gould and Caroline Gogolak. I met several people who later joined me at Orum. When you have a network full of lots of kinds of people,  you have more at your fingertips. The only way to do that is to throw yourself in the deep end—into a world that's unknown to you. Just like founding something new. ✍️ I got comfortable writing my own story. ✍️ If I’d taken the Goldman path, I'm sure I’d have some great story to tell. But it wouldn’t be this one. 😊 #founder #career #entrepreneur

Thanks for showcasing how our use of Same Day ACH helps make payments fast and reliable, Nacha. 🙌 💙 We're loving this quote from our founder and CEO, Stephany Kirkpatrick, CFP®: "Today, tomorrow, at night, on holidays, on weekends, expensive, not expensive — there are a lot of options and variables. Instead of having to pick through all those menu items, we do payment orchestration. We make things fast and reliable, and we find that’s all that people care about." Read the full story from the Nacha team below. 👇 #paymentorchestration #payments #ach #fintech

Everyone in #fintech wants to know: What the heck are bank regulators going to do next?! Well, I found out. 😯 I had a great breakfast with Michael Hsu, acting comptroller of the currency at the OCC, the pre-eminent regulator for the large banks. Unfortunately…I can’t share the details of our chat. Chatham House Rules. But it underscored why it’s so important for #fintechs to engage with regulators. 🤝 Regulation takes time to unfold. But then suddenly it’s law — it’s permanent — and if your company fails to see what’s around the corner, that can be very damaging. 😞 So, as founder and CEO of ⚡Orum.io ⚡, I believe it’s a highly worthy investment of my time to understand the regulatory landscape as it's evolving. And, crucially, whether there are things that I could be doing to better prepare the business. 💪 Planning and preparing. That’s the double-barrel strategy I always come back to, especially in uncertain environments. At Orum we’re aiming to skate where the puck is going 🏒 Information is what dictates legislation, so I encourage my fellow founders and CEOs: Keep an ear to the ground. 👂 Get involved in the conversation. 🗣️ Don't outsource Regulatory Affairs entirely. You may be a big enough company to have a person or a team who handles it. But as the leader, you must stay close to the regulatory landscape and take every opportunity to hear from regulators. Big thanks to Alex Pelin and The Financial Club for hosting this intimate breakfast with Michael! #compliance #banking #payments

We engage with companies daily at Orum.io to discuss the trade-offs between running payments through their existing banking partner or utilizing our Deliver API. This conversation delves into various complexities with significant downstream implications that can greatly influence payment operations teams. Explore the advantages of utilizing an API-based payment processor over a file-based system here: https://lnkd.in/eBhX2M-x