Global payments platform
Veem Logo used from 2017 to present
Formerly Align Commerce Company type Private Industry Payment services Founded San Francisco (2014 (2014 ) )Founder Headquarters San Francisco , United States
Area served
Global: Europe, United States, Canada, Asia-Pacific, Latin-America Key people
Products International Payments, Domestic Payments, Accounting Integrations, Working Capital, Digital Wallets Services Financial Services Website veem.com
Veem , formerly Align Commerce ,[ 1] global payments platform founded in 2014 by Marwan Forzley and Aldo Carrascoso .[ 2] [ 3] [ 4]
History
Veem was founded by Marwan Forzley and Aldo Carrascoso in 2014 as Align Commerce. Forzley and Carrascoso came up with the concept to make cross-border payments, "as easy as purchasing a cup of coffee."[ 5] QuickBooks , Xero , NetSuite , Plaid , Zapier and Q2 banking platform.[ 6] [ 7]
In April 2020, Veem acted as a front-end component to the Small Business Administration Paycheck Protection Program to facilitate loans and customer support to small businesses as a result of the COVID-19 pandemic .[ 8]
Recognition
Veem was listed in the 2018 Forbes Fintech 50.[ 9]
Veem was recognized as Quickbooks 2017 Top 10 App of the Year,[ 10]
Xero's 2018 Emerging App Partner of the Year,[ 11]
Listed as a 2020 top accounting app by Accounting Today .[ 12]
Investors
Veem's investors include National Australia Bank (NAB) Ventures , GV (Google Ventures) , Goldman Sachs , Softbank's SBI Investment Co., Ltd., Kleiner Perkins Caufield Byers , Silicon Valley Bank , Truist Ventures , MUFG Innovation Partners , AB Ventures , Paper Excellence, Myer Family Investments, Trend Forward Capital , and EPAY .[ 13]
References
^ "Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs" . TechCrunch . Retrieved 2020-10-23 .^ "Podcast 253: Marwan Forzley of Veem" . Lend Academy . 2020-06-26. Retrieved 2020-10-23 .^ "LFP161 – Global B2B Payments & Multi-Rail Technology w/Marwan Forzley CEO Veem" . londonfintechpodcast.com . Retrieved 2020-10-23 .^ Levy, Ari (2018-02-18). "There's a lot of blockchain hype, but money-transfer start-up Veem is using it today" . CNBC . Retrieved 2020-10-23 . ^ "Staying true to Ottawa roots, San Francisco's Veem brings money transfer solution to Canada" . Ottawa Business Journal . Retrieved 2020-10-23 .^ "Veem opens up global payments platform to developers with new API" . TechCrunch . Retrieved 2022-07-05 .^ "How 'Embedded' Payment Providers are Transforming Fintech" . Finance Magnates . 31 January 2020. Retrieved 2022-07-05 .^ "Payments Industry News & Analysis" . American Banker . Retrieved 2022-07-05 .^ Sharf, Samantha. "Forbes Fintech 50 2018: The Newcomers" . Forbes . Retrieved 2020-10-23 . ^ "App Showdown Finalist Profile – Veem: A Modern Solution for Wire Payments" . QuickBooks . 2018-01-23. Retrieved 2020-10-23 .^ "Veem Wins Emerging App Partner of the Year in Xero Awards Americas" . InsidePublicAccounting . January 26, 2018. Retrieved 2020-10-23 .^ "Expert's choice: Top accounting apps" . Accounting Today . 2020-10-01. Retrieved 2022-07-05 .^ "Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs" . TechCrunch . Retrieved 2020-10-23 .
External links
