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|Founded||San Francisco (2014 )|
|Headquarters||San Francisco, |
Veem (formerly Align Commerce) is a global payments platform, using SWIFT, treasury and cryptocurrency, typically bitcoin. It was formerly known as Align Commerce, changing its name on 8 March 2017.
Payments are sent using various rails, the one used being determined internally when a payment is sent. Customers in 100 countries can receive payments, and customers in 25 of those can send payments. 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. 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.
- 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.
- Shin, Laura. "Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce". Forbes. Retrieved 2018-10-01.
- Lunden, Ingrid. "Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs". TechCrunch. Retrieved 2018-01-18.
- Chernova, Yuliya (17 November 2015). "Kleiner Perkins Makes First Bitcoin Related Deal With Aligh Commerce". Wall Street Journal. Retrieved 18 November 2015.