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      Atum Secures $13.5 Million Funding and Launches Open Payment Network

      Atum, an open payment network, has announced its transition from stealth mode following the completion of a $13.5 million financing round. The funding was backed by notable investors including Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, and Credibly Neutral, along with strategic advisor Charlie Songhurst. This financing will support Atum's mission to connect payment companies, developers, and enterprises through a unified coordination layer.

      The Atum network allows any integrator, developer, or application to submit payment requests, facilitating competition among settlement providers to execute payments across supported chains and stablecoins. The network emphasizes features such as native authorization, revocable payments, and identity capabilities, enabling senders to specify content and receivers to obtain requested information. Atum aims to incentivize transaction volume, targeting a wide range of participants including issuers, acquirers, payment service providers, and fintech enterprises.

      Atum also supports financial institutions and stablecoin issuers by facilitating non-agent stablecoin payments and agent-based payments through protocols like x402 and MPP. The company is led by founder and CEO Pete Cooling, who previously directed Visa's crypto product team and represented Visa at the Linux OpenWallet Foundation. Atum is now open for builders and developers, with further information available on its website at atum.xyz.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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