Stablecoin Payment Network Atum Raises $13.5M Seed Round Led by Variant
Stablecoin payment network Atum has completed a $13.5 million seed funding round led by Variant, with participation from PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, and Credibly Neutral. The company provides infrastructure for global capital flows across stablecoins and blockchains without issuing tokens or custodying funds.
Atum operates as a coordination layer handling authorization, routing, and confirmation for cross-chain stablecoin transactions. The platform also supports AI agent payments through protocols including x402 and MPP. Founder and CEO Pete Cooling previously led Visa's crypto product team before establishing the startup.