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Veem Stock
Payment Service Provider (PSP)
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, SambaNova Systems, DocuSign, Snyk, Gusto
Strawberry Creek Ventures
Total Access Fund
GrubMarket, Upstart, Deserve, Veem, Freshly, SMART WIRES, Humatics, Tempo Automation, 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
businessinsider - Sep, 16 2020
finledger - Sep, 16 2020
thepaypers - Oct, 15 2021
feedproxy - Sep, 24 2021
bit - Sep, 9 2021
dlvr - Jul, 21 2021
prnewswire - Jul, 20 2021
finextra - Jun, 2 2021
dlvr - May, 3 2021
dlvr - Mar, 9 2021
thepaypers - May, 3 2022
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Some data provided by Crunchbase
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