Veem is a payment service provider that helps simplify the way businesses send and receive funds.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Truist | Yes | Series Unknown |
AB Ventures LP | — | Series Unknown |
Goldman Sachs | — | Series Unknown |
GV | — | Series Unknown |
Kleiner Perkins | — | Series Unknown |
MUFG Innovation Partners | — | Series Unknown |
Myer Family Investments | — | Series Unknown |
NAB Ventures | — | Series Unknown |
Paper Excellence | — | Series Unknown |
Silicon Valley Bank | — | Series Unknown |