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Orum

Company Profile Analysis

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Orum - ICT showcase

Year Founded & Workforce

1988

146,000 Employees

Industry

ICT

Services

Global Digital Payment MarketA2A TransfersPayouts
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Orum Overview

Company Headquarters: Switzerland

Founded: 1988

Workforce: ~146,000

Company Working: Orum is a leading company in the digital payments industry, providing innovative solutions that enable businesses to streamline and optimize their payment processes. The company was founded in 2018 and has quickly gained recognition for its cutting-edge technologies and industry expertise.

Orum's core product is a real-time payments platform that leverages machine learning and artificial intelligence to enable businesses to process payments faster, more securely, and with greater efficiency. The platform is designed to work seamlessly with existing banking systems, allowing businesses to modernize their payment operations without disrupting their existing workflows.

Strategy

Orum actively aims to collaborate with strategic partners, such as financial institutions, fintech companies, and other stakeholders in the payments ecosystem, to jointly develop and deliver innovative payment solutions. These partnerships help expand Orum's reach, accelerate product development, and create synergies to better serve its customers

Company Snapshot

146,000

Employees

1988

Founded

Switzerland

Headquarters

SWOT Analysis

Strengths

  • Innovative technology leveraging machine learning and AI
  • Seamless integration with existing banking systems and payment channels

Weaknesses

  • Limited brand recognition compared to more established competitors

Opportunities

  • Expansion into new markets and industries

Threats

  • Intense competition in the digital payments industry

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Key Developments

DateApproachDevelopment
November 2022PartnershipOrum, formed a partnership with MX, Open Finance company, to provide fintechs with safe end-to-end transactions flow and intelligent, real-time financial movement. Orum's application programming interface and MX's immediate account verification and balance check features enabled payments at anywhere for their clientele.
August 2020InvestmentOrum created an immediate wallet platform and has received its first institution funding: A USD 5.2 million seed round headed by Homebrew and a group of prominent investors.

Product Offering

  • Orum
    • Global Digital Payment Market
    • A2A Transfers
    • Payouts

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