Veem Stock
Payment Service Provider (PSP)
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About Veem Stock
Veem is a payment service provider (PSP) for global commerce. Veem claims its platform enables small businesses to send and receive payments in local currency. Veem claims to use blockchain technology as a payment rail. Veem claims this technology eliminates the need for intermediary banks and reduces costs for customers.
Veem was founded in 2014 and is based in San Francisco, California, Ottawa, and Shanghai. Notable investors include GV, Goldman Sachs, and Pantera Capital.
Investors
Alumni Ventures Group
Lacework, Getaround, GrubMarket, Better.com, Groq, Divergent 3D, SonderMind, Plastiq, Accolade, Madison Reed
Goldman Sachs Principal Strategic Investments
GV
Uber, Robinhood, Jet, Impossible Foods, Lacework, Slack, Snyk, SambaNova Systems, DocuSign, Gusto
Strawberry Creek Ventures
Total Access Fund
GrubMarket, Upstart, Humatics, Tempo Automation, Deserve, Veem, Freshly, SMART WIRES, Burrow, EverQuote
Funding History
| July 2015 | $7.4M |
|---|---|
| July 2015 | $6.0M |
| December 2016 | $19.5M |
| December 2016 | $2.0M |
| July 2017 | $4.0M |
| August 2018 | $7.0M |
| August 2018 | $18.0M |
| July 2020 | $444K |
| July 2020 | $45.1M |
Management
Chief Executive Officer
Marwan Forzley
Chief Financial Officer
Pramod Iyengar
Press
thepaypers - May, 3 2022
Veem expands payment options for SMBsthepaypers - Oct, 15 2021
Veem and Visa collaborate for digital money movement capabilitiesfeedproxy - Sep, 24 2021
REPAY announces strategic partnership with Veembit - Sep, 9 2021
Bankers hit the street for Veem, Hazer Group raisingsdlvr - Jul, 21 2021
Veem Launches New Invoicing, Collections Productsprnewswire - Jul, 20 2021
Veem introduces product suite, offering no-fee end-to-end payment experience for domestic and cross border transactionsfinextra - Jun, 2 2021
Veem brings no-fee payments processing to Canadadlvr - May, 3 2021
Veem, Freightos Collaborate On Digital Payments For Global Freightdlvr - Mar, 9 2021
Veem Debuts No-Fee Domestic Payment Productfinledger - Sep, 16 2020
Veem raises $31 million as B2B payments space continues to heat upbusinessinsider - Sep, 16 2020
We got an exclusive look at the pitch deck that payments startup Veem used to raise $31 million from VCsEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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