Atum Labs, Inc.

Founded in 2025 by CEO Pete Cooling and based in California, US, Atum Labs, Inc. operates as a fintech infrastructure company that develops an open payments network for global money movement. In September 2026, Atum raised USD 13. 5 million in seed funding co-led by Variant and PayPal Ventures with participation from Abstract Ventures, Road Capital Management, Mirana Ventures, First Commit IM, and Credibly Neutral.

Atum provides an open payments network that acts as a neutral coordination layer for global money movement. The platform connects payment companies, enterprises, fintechs, wallets, card issuers/acquirers, developers, and AI agents with independent settlement providers. Its services include payment routing and orchestration across stablecoins, blockchains, and traditional payment rails, real-time quote matching from settlement providers, authorization and identity verification, reversible payments, and support for both human-initiated and AI agent-based transactions through protocols such as x402 and MPP. Atum's revenue model appears to be transaction-volume based.

The company earns fees from facilitating and coordinating payments across its network, where settlement providers compete to fulfill payment requests. Rather than generating revenue through custody of funds, lending, spread capture, or issuance of its own currency, Atum monetizes the payment flow and network usage generated by payment companies, enterprises, financial institutions, developers, and settlement providers utilizing its open payments infrastructure. The company plans to use the September 2026 funding to support the launch and development of the Atum open payments network, which acts as a coordination layer for global money movement across various blockchains and stablecoins.