What Lorum Finance does

Lorum Finance is a specialist correspondent financial-institution platform that provides clearing, named-account custody, and cash management infrastructure to regulated mid-market businesses — including fintechs, payment service providers, payroll and Employer of Record platforms, trading and investment platforms, and marketplaces. Founded in 2024 by George Davis (formerly the Fuse MENA platform, rebranded to Lorum in late 2024) and headquartered in the Dubai International Financial Centre with a New York corporate entity, the company operates under six regulatory licences and serves clients across more than 30 markets through direct membership in local payment rails including Fedwire, ACH, SEPA, SEPA Instant, Faster Payments, CHAPS, UAE IPP, and FTS.

The platform's core technology is a unified API that provisions named, segregated client accounts in each end customer's name, links those accounts to direct clearing rails, and layers wholesale FX, automated liquidity sweeps, real-time position visibility, and (as of mid-2026) yield on idle balances through money market instruments — all on a 100% reserve, non-lending model that structurally eliminates counterparty exposure to the custodian's lending book. The named-account custody architecture is designed to satisfy FCA Supplementary Regime, PSD3 segregation-at-receipt, and GENIUS Act reserve requirements by structural design rather than by ledger-based tracking. Lorum is additionally pursuing a U.S. OCC national trust bank charter to gain direct participation in U.S. dollar clearing infrastructure.

Lorum generates revenue from transaction fees on clearing and FX execution, fees on managed balances and custody, and cash management service fees, with quote-based, multi-year enterprise contracts targeting mid-market regulated institutions. Go-to-market combines direct enterprise sales with developer-first self-serve tooling (API documentation, sandbox, status page) and event-led positioning (e.g., Money20/20 Europe), and total disclosed external funding to date is approximately $8.6 million across a 2023 seed and an April 2025 round.

Name

Lorum Finance

Legal name

Lorum Group Holdings Inc.

Website

https://lorum.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

Lorum Finance is a Dubai-based, DFSA-authorized correspondent institution providing named-account custody, multi-currency clearing, and cash management infrastructure to fintechs, PSPs, payroll platforms, trading venues, and marketplaces across more than 30 markets.

Ownership category

akta.pro rank

Product category

Financial Infrastructure Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD)

akta.pro secondary industry

Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)

Keywords

• Multi-currency clearing
• Named account custody
• Cash management infrastructure
• Correspondent banking services
• Treasury services platform

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Clearing fees: Transaction fees on payments, FX, and securities movement. Basis point fees on payment values plus FX margins on conversions across multi-currency clearing operations.
2. Custody fees: Fees on managed balances including named custody account services, safeguarding, and client money management across jurisdictions.
3. FX execution: Wholesale FX at institutional rates with transparent, disclosed spreads. Revenue generated from FX conversion margins.
4. Cash management services: Fees on cash sweeps, money market fund access, and treasury bill custody services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Lorum provides multi-currency clearing, named account custody, and cash management infrastructure through a single API for regulated financial institutions including fintechs, PSPs, payroll platforms, marketplaces, and trading platforms. The platform enables direct connectivity to local payment rails across 30+ markets without requiring local entities or bilateral banking relationships, with a 100% reserve, non-lending model that structurally segregates client funds.

Product overview

Lorum is a globally licensed specialist correspondent institution offering a unified clearing, custody, and cash management platform for regulated financial institutions. The core product architecture consists of three integrated capabilities: Multi-currency Clearing for direct access to payment rails across 30+ markets; Accounts Infrastructure for programmatic provisioning of named custody accounts with structural segregation; and Cash Management for wholesale FX, liquidity sweeps, and yield on idle funds. Virtual IBANs (USD, EUR, GBP, AED) serve as the account issuance layer, mapping to the underlying account hierarchy. All client funds are held in 100% reserve with no lending book, and the company holds six regulatory licenses across multiple jurisdictions.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-currency Clearing Direct connectivity to global and domestic payment rails without local entities, enabling platforms to clear across North America, Europe, the Middle East, and Asia through a single API integration covering USD (Fedwire, ACH), EUR (SEPA, SEPA Instant), GBP (Faster Payments, CHAPS), and AED (IPP, FTS) rails.
• Accounts Infrastructure Programmatic provisioning of operational, client, and escrow accounts in real-time with named accounts issued in each end customer's name featuring individual KYC profiles and direct contractual link to the custodian, providing structural segregation at custodian level.
• Cash Management Wholesale FX at institutional rates, automated liquidity sweeps across currencies, and real-time position visibility across all markets from a single interface, with yield on idle funds capability through money market instruments.
• Virtual IBANs Named virtual IBANs issued in USD, EUR, GBP, and AED currencies, mapped to segregated account hierarchies with local routing details visible to beneficiaries while reconciling against a single ledger inside Lorum.

Quantifiable outcome

• Eliminates nostro/vostro prefunding capital requirements that trap estimated $5 trillion globally
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• JPMorgan (Payments & Treasury Services): Generates ~$19B annually in treasury and payment services revenue, providing global correspondent clearing and custody at massive scale, the dominant incumbent in the same wallet Lorum targets.
• BNY Mellon: One of the world's largest custodian and treasury services banks, generating $7B+ annually in treasury services revenue, the entrenched incumbent against which Lorum positions itself as a specialist clearing alternative.

Direct peers

• Banking Circle: Luxembourg-based specialist clearing and payment institution offering multi-currency accounts, clearing, and B2B payment infrastructure for fintechs, PSPs, and platforms, the closest direct analog to Lorum's specialist non-lending clearing thesis.
• Currencycloud (Visa): Now a Visa-owned platform offering multi-currency accounts, FX, and payment infrastructure to fintechs and banks, historically a direct specialist clearing competitor to Lorum in the cross-border B2B space.
• Modulr: UK-based Payments-as-a-Service provider offering accounts, payment clearing, and BaaS for fintechs and platforms, overlapping Lorum's API-first multi-currency account infrastructure for regulated clients.
• Nium: Singapore-headquartered cross-border payments infrastructure platform offering multi-currency accounts and global payouts for platforms and fintechs, competing for similar enterprise clearing and FX use cases.
• ClearJunction: UK-licensed payment institution providing multi-currency accounts, payment clearing, and B2B payout infrastructure for fintechs and platforms, directly competing with Lorum for similar regulated clearing clients.

Emerging players

• Increase: US fintech infrastructure provider offering bank accounts, payment APIs, and ledgering as a service for platforms, intersecting with Lorum's API-first multi-currency account proposition.
• Unit: US Banking-as-a-Service platform providing embedded accounts, payments, and ledger infrastructure for fintechs, partially overlapping Lorum's platform-servicing model.
• Modern Treasury: US-based treasury infrastructure API for moving money between bank accounts with reconciliation, ledger, and payment operations tooling, addressing adjacent treasury management pain points for fintechs and platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/lorum-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lorum Finance