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Veem Stock

Payment Service Provider (PSP)

Founded

2014

Notable Investors

Goldman Sachs Principal Strategic Investments

Headquarters

San Francisco CA, US

Total Funding

$109M

About Veem Stock

Veem is a next-generation payment service provider (PSP) for global commerce. Veem provides a platform that enables small businesses to send and receive payments in local currency. Veem claims that its use of blockchain as a payment rail eliminates the need for intermediary banks and reduces costs for small- and medium-sized businesses. It converts the sender’s funds into bitcoin, selling the digital currency at an exchange for the desired currency of the recipient.

Veem was founded in 2014 and is based in San Francisco, California in Ottawa, and Shanghai. Veem is backed by investors including GV, Goldman Sachs, and Pantera Capital.

Investors

Funding History

July 2015$7.4M
July 2015$6.0M
December 2016$19.5M
December 2016$2.0M
July 2017$4.0M
August 2018$18.0M
August 2018$7.0M
July 2020$444K
July 2020$45.1M

Management

Chief Executive Officer

Marwan Forzley

Chief Technology Officer

Jonas Edgeworth

Press

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from Veem or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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