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The New York-based company is developing a platform that creates instant wallets, and raised its first institutional funding: An oversubscribed seed round of $5.2 million led by and a slate of top investors, including , , , and , as well as angel investors.

As a certified financial planner, founder and CEO wants to shift the thinking around money movement from where the consumer figures out in which account money needs to flow, to one where everything is managed for the consumer.

Enter Orum’s debut product, Foresight, an automated programming interface aimed at enabling financial institutions to move money in real time. The platform uses machine learning and data science to predict when funds are available and if there is any fraud pattern—kind of like a pre-authorization.

“Foresight unlocks money immediately and eliminates the risk,” Kirkpatrick told Crunchbase News. “We’ve become an instant economy everywhere else but in the banking industry, where you can’t invest your money immediately. It’s a vicious cycle for access to your money.”

Kirkpatrick opened and closed the seed round during the pandemic. With the new funding, Orum is building a team, preparing for the Foresight launch, and expanding its use cases. The company is now working with 50 customers and has a waiting list, she said.

The company also doubled its employee count, including bringing in CTO , VP of Data Science , and , who is chairman of Orum’s board and managing partner of Inspired Capital.

Kirkpatrick worked with Von Tobel, founder of , and came up with the idea for Orum last October while discussing ways to improve the financial system for Americans. Von Tobel put the first capital into Orum as an “inspiration check,” von Tobel said in an interview.

“Stephany is the most talented, sharp, highly technical person with an incredibly strong skill set of being a certified financial planner with decades of knowledge around working with money,” she said. “Inspired Capital was the first investor, writing our promise on the back of a napkin. We see Orum as an opportunity for a way to move money that will unlock incredible potential in the way people think about money.”

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The company declined to comment.

“Investing isn’t just for rich kids & boomers,” . Through text messages, the company sends users money tips to go from “broke to ballin.”

One example: If a Stackin’ user sets up an auto-deposit, the company will give the user $25 dollars. There are also automatic saving features and tips tailored to personal financial goals. The startup’s website claims it has about 500,000 users.

It is not clear what the new funding will be used for; however, there are hints of where the capital could be deployed on its website. With the detail “coming soon,” Stackin’ advertises an option for users to invest in “the things you love like legal cannabis, sneakers, pizza and more. Get started for as little as $5 and upgrade your financial future.”

The company also works on financial literacy. For example, on Facebook, Stackin’ posted an informational video titled ”

The company claims all user data is protected through encryption and bank level security.

There’s no shortage of financial technology startups that want to make millennials better with money. , a saving startup, raised $105 million in January. In March, , focused on helping its 3 million users avoid bank fees, raised $200 million led by DST Global. In April, raised $300 million at a $2.9 billion post-money valuation.

Interestingly enough, Stackin’ co-founder and CEO Scott Grimes that the majority of its income comes from Chime and , which pay Stackin’ to advertise its money-saving businesses. Neither Chime nor Ellevest immediately responded for comment.

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