Atum Raises $13.5 Million to Launch Open Payment Network

Atum has emerged from stealth mode after securing $13.5 million in funding from investors including Variant, PayPal Ventures, and Abstract Ventures. The company provides a coordination layer for payment firms and developers to facilitate transactions across various chains and stablecoins without issuing its own currency or holding customer funds. Founded by former Visa crypto lead Pete Cooling, the network supports both non-custodial and custodial payment protocols and is now open for integration.