From Wikipedia, the free encyclopedia
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] is a San Francisco–based online
global payments platform founded in 2014 by Marwan Forzley and
Aldo Carrascoso .
[2] The company uses a payment routing method they refer to as "multi-rail technology,"
[3] where transactions are routed through different methods, or "rails", such as credit cards, checks, or cryptocurrency.
[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] Veem is integrated with
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