Lorum: Building a Predictable Clearing Backbone for Global Finance

George Davis, founder of Lorum, noticed a structural flaw in global financial systems during his time at TrueLayer and BVNK: clearing incentives often benefit intermediaries rather than the end users. This misalignment creates delays, trapped liquidity, and unnecessary complexity.

Lorum addresses this by providing a specialist correspondent institution focused exclusively on clearing, settlement, and treasury infrastructure—without taking lending or balance sheet risk. The platform offers:

• Direct access to local and major payment rails via a single API
• Regulated, segregated custody accounts in the end customer’s name
• 100% reserved funds with no proprietary trading

“We don’t compete for deposits or lend money,” Davis explains. “Our sole purpose is to ensure third-party funds move predictably and efficiently.” Clients like dLocal, Remotepass, TerraPay, and OpenFX use Lorum to collect and distribute payments globally while maintaining control over their liquidity.

From Machine Learning Startup to Financial Infrastructure Provider

Davis’ journey began with a machine learning company he founded at 18 in London. He later joined TrueLayer as head of product, expanding their payments capabilities before co-founding BVNK—an institutional payments business on stablecoin rails.

These experiences highlighted how legacy banking structures were hindering innovation and creating friction for modern financial platforms. “The issue wasn’t that existing systems were ‘broken’, but that the incentives weren’t aligned to move money efficiently,” Davis notes.

The Structural Problem with Clearing

While many attribute payment delays to technical limitations like SWIFT, Davis argues the root cause lies in balance sheet incentives. Banks often hold funds to earn yield on their assets, creating settlement lags that disadvantage businesses needing fast access to capital.

Lorum solves this by operating solely as a clearinghouse with 100% reserved funds—eliminating the incentive to delay payments and ensuring money moves predictably through the system.

What’s Next for Lorum?

The company is expanding beyond basic clearing into comprehensive treasury services, including:

• Multi-currency liquidity management
• FX optimisation tools
• Support for tokenised money market funds

With a focus on transparency and regulatory rigour, Lorum aims to become the trusted operational backbone for global financial platforms seeking greater control over their cash flows.