Company Overview
Maroo is setting the new standard for the wedding and events industry, ensuring that paying for your wedding expenses no longer looks like it did when your grandparents tied the knot over 60 years ago. Maroo supported more than 8,500 wedding & events professionals, helping them get paid. Maroo’s growing community has processed more than $150 million in payments since the platform launched in 2022.
“We evaluated a number of different providers and chose Orum because of the quality of their API, reliability of their platform, their automated orchestration of payments across all major payment rails, and their expert guidance. The Orum team closely partnered with us to make sure we had everything we needed.”Founder and CEO of Maroo
Maroo’s Real-time Payment Problem:
With its previous payments partner, Maroo’s team was stuck with a system that took as long as seven days to move money between users – an eternity in today’s world of real-time customer expectations and business needs. What’s more, Maroo was spending significant time and resources on customer service and operational solutions to help businesses and users frustrated by the long wait times.
Maroo’s Founder and CEO Alexey Nikityuk and engineering team chose Orum because the single API solution orchestrates money movement based on speed and cost, delivers access to all major payments rails, and was easy to set up and launch.
Unlike their previous payments partner, which handled questions via FAQs and email bots, Orum’s team of real-time payments experts provided support each step of the way, ensuring Maroo was in compliance with BSA and AML regulations and handling all the complexities around watchlists, transactional monitoring standards, audit rules, and other detailed requirements.
Orum’s Real-time Payment Solution:
Maroo’s payments now move in real-time and the cost per transaction is 11x lower than before. Orum delivered three major advantages over Maroo’s previous payments partner:
- Increased the speed of payments by at least 50% by delivering access to all major payment rails – RTP, FedNow, Same Day ACH, ACH, and Wire – via a single API-based solution.
- Reduced the cost of each transaction by more than 11x by providing a modern, API-based solution that orchestrates money movement based on both speed and cost.
- Delivered personalized customer support, replacing a provider that offered one-size-fits-all responses to questions via automated emails, FAQs, and customer service bots.
“Orum sped up our payments and reduced our costs by automatically optimizing our money movement via their API. Everything was easy to set up and launch. With Orum, we’re helping thousands of businesses in the weddings and events space – many of them female-founded small businesses – get paid faster than ever before.”- Alexey Nikityuk, Maroo Founder and CEO
Why Orum’s Payment Solution is Better Than Direct-to-Bank
Orum’s simple API integration for fast, reliable payments provides three major advantages over working directly with a bank.
- Save millions by avoiding engineering and operational costs associated with directly integrating with and maintaining a bank program
- Accelerate the onboarding process by integrating in two weeks or less, saving time and money
- Access all major payment rails via one API, with a team of experts to help along the way
Up Next: Verification
Maroo is a company built on innovation and with Orum ensuring the payments on their platform are fast and reliable, Maroo can continue to develop new features and solutions. Up next: Maroo and Orum will work together on an account verification solution to reduce fraud and eliminate customer friction.
“Replacing one partner with another solution is always complicated and comes with risks, but thanks to Orum’s partnership our new solution is a clear success – benefiting the thousands of businesses and individuals across our community, making sure they have the money they need, as fast as possible, while helping us grow our business.”
Get Moving
Build trust and loyalty by ensuring your customers never have to worry about accessing their cash instantly. Orum’s streamlined payments solution can be implemented in one sprint or less, giving you access to all major rails without costly bank integrations or prolonged compliance. Our API delivers what you need now–and in the future as we give our clients first access to new rails and tools as soon as they become available via the same easy-to-integrate API. Orum is backed by the most reputable payment experts, partners, and top tier banks and investors – all to ensure delivery of every transaction.
