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, Pico, Divergent 3D, SonderMind, Plastiq, Accolade
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
newswire - Oct, 12 2023
WooCommerce and Veem Partner to Extend B2B Payments to Merchantsnewswire - Sep, 26 2023
PSA Group and Veem Partner to Help Freight Forwarders Get Paid Fasterthepaypers - Sep, 25 2023
Veem introduces the Visa virtual cardnewswire - Sep, 21 2023
Veem Expands Its Real-Time Payment Capabilities by Introducing a Fee-Free Visa Virtual Cardcrowdfundinsider - Dec, 11 2022
Finastra, Veem to Provide Banks with Digital AP, AR Solutionspymnts - Dec, 9 2022
Veem and Finastra Team to Deliver AP and AR Servicesmillion-click - Nov, 25 2022
omega xl reviewspymnts - Oct, 26 2022
Veem Rolls out Real-Time Payment Tool for SMBsnewswire - Oct, 26 2022
Veem Launches Real-Time Payments in 100+ Countriesnewswire - Sep, 22 2022
Shepherd Announces Technology Partnership With Veem for Digital Contractor Paymentsthefintechtimes - May, 5 2022
SMBs Gain Greater Control Over Cash Flow Management Following Veem’s New Card Functionalitiesthepaypers - May, 3 2022
Veem expands payment options for SMBsdlvr - May, 2 2022
Veem unveils expanded payment options to tackle SMB inflation concernspymnts - May, 2 2022
Veem Adds Enhanced Card Options and Faster ACHow - Apr, 1 2022
Veem Survey Finds Nearly 77% of SMBs Have Experienced Inflationary Pressure in Their Businessesthefintechtimes - Jan, 11 2022
Veem: Making Your Cash Flow – Understanding the Payments Industrybit - Nov, 21 2021
Miocevich family’s lucky Veem salepymnts - Nov, 13 2021
Veem Debuts Partner Connect Program for Global AP/AR-as-a-Servicethepaypers - Oct, 25 2021
Veem, Q2 partner for AR/AP solutionsspr - Oct, 23 2021
Veem Enables Financial Institutions on Q2's Platform with Fee Free, Global Accounts Receivables and Payables Automationdlvr - Oct, 19 2021
Veem, Visa Team on Virtual Card, Cross-Border Payments for SMBsfinextra - Oct, 18 2021
Veem partners Visa on domestic and cross-border paymentsthepaypers - Oct, 15 2021
Veem and Visa collaborate for digital money movement capabilitiesthefintechtimes - Oct, 3 2021
REPAY Announces Investment in Veemdlvr - Sep, 29 2021
REPAY, Veem Collaborate on B2B Paymentsfeedproxy - Sep, 24 2021
REPAY announces strategic partnership with Veemdlvr - Sep, 13 2021
Hazer, VEEM raise funds for R&Dbit - Sep, 9 2021
Bankers hit the street for Veem, Hazer Group raisingsfinextra - Aug, 13 2021
Veem launches pay later capabilities for SMBsdlvr - 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 transactionsdlvr - Jun, 29 2021
$4.5m for WA manufacturersfinextra - Jun, 2 2021
Veem brings no-fee payments processing to Canadaow - May, 6 2021
Veem and Freightos Announce Partnership To Enable More Secure Global Sourcing for Small Businessesdlvr - May, 3 2021
Veem, Freightos Collaborate On Digital Payments For Global Freightdlvr - Mar, 10 2021
Veem Lunches Product Package Offering “Veem Local” to Provide No-Fee Domestic Payments For Small Businessesdlvr - Mar, 9 2021
Veem Debuts No-Fee Domestic Payment Productfinextra - Dec, 16 2020
Veem expands multi-rail payment technewswire - Dec, 5 2020
Finexio, Veem Collaborate to Expand Services, Leveraging FX and AP Payments-as-a-Servicespr - Nov, 19 2020
Veem expands US product offering to simplify domestic business paymentsdlvr - Nov, 19 2020
Payments Startup Veem Introduces New Tool For Easy B2B Paymentsdlvr - Nov, 19 2020
Global Payments Network Veem Launches New Service “Veem Check” to U.S. Userstrib - Nov, 19 2020
Why Veem gave up the war on checksfinextra - Nov, 18 2020
Veem makes moves to simplify domestic business paymentsentm - Oct, 7 2020
MENA Investors AB Ventures And DASH Ventures Give A Boost To US Fintech Startup Veem In Strategic Funding Roundwamda - Sep, 20 2020
Arab Bank invests in US-based Veemamericanbanker - Sep, 17 2020
Truist launches a venture capital unitvcaonline - Sep, 17 2020
Venture Capital Database 2020 Now Available!dlvr - Sep, 16 2020
Veem Ends Funding Round With $31Mbusinessinsider - Sep, 16 2020
We got an exclusive look at the pitch deck that payments startup Veem used to raise $31 million from VCsfinextra - Sep, 16 2020
Cross-border payments firm Veem raises $31mfinledger - Sep, 16 2020
Veem raises $31 million as B2B payments space continues to heat upnews - Sep, 16 2020
The Crunchbase News Briefing: Weds., Sept. 16news - Sep, 11 2020
Veem survey finds 53% of US small businesses are hopeful about 2021, expecting increased economic activitylondonfintechpodcast - Aug, 20 2020
LFP161 – Global B2B Payments & Multi-Rail Technology w/Marwan Forzley CEO Veembankonitpodcast - Aug, 18 2020
Episode 340 Marwan Forzley from Veemlendacademy - Jun, 27 2020
Podcast 253: Marwan Forzley of Veemlnkd - Jun, 5 2020
VEEM Viking PowerPlay Vessel completes a circumnavigation of Australiananalyze - Apr, 6 2019
Using Blockchain for International Paymentspymnts - Mar, 6 2019
Veem Targets Firms’ Trade War Tariff Burdenprnewswire - Dec, 13 2018
Veem Opens Global Payments Platform to Canadian Marketveem - May, 23 2018
Nazym Paltachev: Finding the Soul of Nomadcnbc - Feb, 19 2018
There's a lot of blockchain hype, but money-transfer start-up Veem is using it todayprweb - Feb, 7 2018
Veem Partners with Autoentry to Eliminate Data Entryprweb - Jan, 23 2018
Veem Partners with Cin7 to Better Manage Inventory and Paymentsprweb - Dec, 20 2017
Future Generation of Business Leaders Not Excited About ‘America First’prweb - Nov, 28 2017
Veem Launches API to Revolutionize Global Paymentsventurebeat - Apr, 18 2017
Veem raises $24 million to simplify global paymentsventurebeat - Mar, 18 2017
Veem raises $24 million to simplify global paymentsstartupdaily - Mar, 14 2017
NAB Ventures leads US$24 million Series B round for US forex startup Veembusinessinsider - Mar, 13 2017
The NAB has just bought into foreign exchange payments startup Veemstrictlyvc - Feb, 20 2017
StrictlyVC: November 17, 2015pymnts - Jan, 15 2017
Off The Rails: Can Regulation Help Blockchain Deliver Faster X-Border Payments?prweb - Dec, 11 2016
Align Commerce Announces Establishment of Payment Rail to the United Kingdomthepaypers - Nov, 5 2016
Align Commerce rolls out new website and product featuresbizjournals - Nov, 3 2016
Kleiner-backed startup offers small businesses' global payments cheaper than banksprweb - Nov, 1 2016
Align Commerce Launches New Website, Product Features, and Kicks Off Month-Long Processing for International Payments at No Costcoindesk - Oct, 27 2016
Is Blockchain a Better Payments Rail? Panelists Divided at Consensus 2016prweb - Oct, 27 2016
Global Payments Veteran Frederick Crosby Joins Align Commerce as Chief Revenue and Marketing Officerprweb - May, 7 2016
Align Commerce Establishes U.S./Mexico Payments Corridorprweb - Apr, 8 2016
Align Commerce Introduces Tiered Pricing Structuresiliconangle - Apr, 1 2016
Beyond Bitcoin: The new blockchain apps changing commerce | #FinTechpymnts - Mar, 20 2016
Thinking Globally, Acting Locally For Cross-Border Paymentspymnts - Feb, 17 2016
The Many Rails Of China’s X-Border Payments Journeycryptocoinsnews - Feb, 12 2016
Align Commerce Debuts Payment Rail To China Using The Blockchainpymnts - Feb, 10 2016
Align Commerce Boards Payment Rail To Chinabusinesswire - Feb, 8 2016
Align Commerce Announces Establishment of Payment Rail to Chinacoindesk - Jan, 14 2016
CoinDesk Announces Acquisition By Digital Currency Groupbitcoinmagazine - Nov, 19 2015
Align Commerce Raises $12.5 Million, Launches Blockchain-based Cross-border B2B Payment Systempehub - Nov, 18 2015
Align Commerce takes in $12.5 mln in KPCB-led roundEquityZen 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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