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Veem

company

About

Veem is a payment service provider that helps simplify the way businesses send and receive funds.

Details

Last Funding Type
Series C
Industries
Bitcoin,Blockchain,Financial Services,FinTech,Payments
Founded date
Feb 1, 2014
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Veem Inc.
Also Known As
Align Commerce

Veem is a payment service provider that helps simplify the way businesses send and receive funds.

It offers a platform that enables small businesses to send and receive payments in local currency. Using blockchain as a payment rail, the company eliminates the need for intermediary banks, reducing costs for small- and medium-sized businesses. It converts the sender’s funds into bitcoin, selling the digital currency at an exchange for the desired currency of the recipient.

Aldo Carrascoso and Marwan Forzley co-founded the company in 2014 and is headquartered in San Francisco, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$100.25M
Veem has raised a total of $100.25M in funding over 2 rounds. Their latest funding was raised on Sep 16, 2020 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 16, 2020 Series Unknown $31M 11 Truist Detail
Jul 31, 2020 Series C 1 Detail
Sep 26, 2018 Series Unknown $25M 7 Goldman Sachs Detail
Aug 14, 2018 Series B 27 Detail
Nov 11, 2017 Series Unknown 1 Detail

Employee Profiles

Number of Employee Profiles
14
Veem has 14 current employee profiles, including Employee Philippe Suchet
Employee
Executive
Board member
Board member
Executive