Veem

Veem
Type	Private
Industry	Payment services
Founded	San Francisco (2014)
Founder	Aldo Carrascoso; Marwan Forzley;
Headquarters	San Francisco, United States
Area served	Worldwide
Key people	Marwan Forzley (CEO); Aldo Carrascoso (COO) – (CTO);
Website	veem.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 60 countries can receive payments, and customers in 24 of those can send payments.^[2] Their target customers are freelancers and businesses offering offshore services. Most transactions are cryptocurrency, though cryptocurrency is only used for 10% of value sent.^[1]

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), Softbank’s SBI Investment Co., Ltd., Kleiner Perkins Caufield Byers and Silicon Valley Bank.^[3]

References

1 2 3 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.
1 2 Shin, Laura. "Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce". Forbes. Retrieved 2018-10-01.
1 2 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.

External links

Official website

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[:1-1] 1 2 3 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.

[:2-2] 1 2 Shin, Laura. "Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce". Forbes. Retrieved 2018-10-01.

[:0-3] 1 2 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.