Veem

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Veem
Private
IndustryPayment services
FoundedSan Francisco (2014 (2014))
Founder
  • Aldo Carrascoso
  • Marwan Forzley
HeadquartersSan Francisco,
United States
Area served
Worldwide
Key people
  • Marwan Forzley (CEO)
  • Aldo Carrascoso (COO)(CTO)
Websiteveem.com

Veem (formerly Align Commerce) is a global payments platform, using SWIFT, treasury and cryptocurrency, typically bitcoin.[1][2] It was formerly known as Align Commerce, changing its name on 8 March 2017.[3]

Payments are sent using various rails, the one used being determined internally when a payment is sent.[1] Customers in 100 countries can receive payments, and customers in 25 of those can send payments.[2] Their target customers are freelancers and businesses offering offshore services.

As Align Commerce, the company raised $12.5 million in Series A funding in November 2015 from Kleiner Perkins Caufield & Byers, Recruit Venture Partners and existing seed investors Pantera Capital, Digital Currency Group, and FS Venture Capital LLC.[4] In March 2017, the company (after rebranding to Veem) raised $24 million in a Series B round led by National Australia Bank (NAB) Ventures with participation also from GV (Google Ventures), Goldman Sachs, Softbank’s SBI Investment Co., Ltd., Kleiner Perkins Caufield Byers and Silicon Valley Bank.[3]

References[edit]

  1. ^ a b Levy, Ari (2018-02-18). "There's a lot of blockchain hype, but money-transfer start-up Veem is using it today". CNBC. Retrieved 2018-10-01.
  2. ^ a b Shin, Laura. "Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce". Forbes. Retrieved 2018-10-01.
  3. ^ a b Lunden, Ingrid. "Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs". TechCrunch. Retrieved 2018-01-18.
  4. ^ Chernova, Yuliya (17 November 2015). "Kleiner Perkins Makes First Bitcoin Related Deal With Aligh Commerce". Wall Street Journal. Retrieved 18 November 2015.

External links[edit]