Veem is a San Francisco, CA–based global payments network built for businesses that simplifies how companies send and receive funds globally. The platform offers a suite of payment services with trackable transactions and integrates with QuickBooks, Xero and NetSuite. Veem is licensed and regulated in each country and state it serves. It is used by more than 225,000 businesses in over 100 countries and focuses on establishing and strengthening partner and supplier relationships. Led by CEO Marwan Forzley, the company aims to save time and money for customers while mitigating risks associated with international transfers. Veem plans to use the new funding to develop a channel partner program to widen its geographic presence. Veem is a San Francisco-based global payments platform built for small businesses. It enables small businesses to send and receive payments in local currencies using multi-rail and blockchain technology and provides integrations with QuickBooks, Xero and NetSuite. The company serves 80,000 customers who use the platform to send and receive money in 96 countries. Led by CEO and founder Marwan Forzley, Veem aims to expand its distribution and form strategic partnerships. In September 2018 the company completed a $25M strategic financing round to support accelerated growth in the global payments space. Veem, formerly Align Commerce, is a San Francisco, CA–based provider of global payments solutions for small businesses. Led by founder and CEO Marwan Forzley, the company enables small businesses to pay and get paid globally by intelligently routing payments across different rails, including the blockchain. Veem connects disparate parts of the international payment process to simplify cross-border transactions between business partners. The company closed a $24M Series B and said it will use the funds to expand into more countries and enable payments in additional currencies. Investors in the round include National Australia Bank (NAB) Ventures, GV, SBI Investment, Kleiner Perkins Caufield Byers and Silicon Valley Bank, and NAB Ventures’ Melissa Widner will join the board.

Total raised

$80M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2020