Veem
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2014 |
| Founder | Marwan Forzley, Aldo Carrascoso |
| Headquarters | San Francisco , United States |
| Products | International payments platform |
| Website | veem |
Veem, previously known as Align Commerce, is an international payments platform headquartered in San Francisco, established in 2014 by Marwan Forzley and Aldo Carrascoso. The company utilizes a payment routing system called "multi-rail technology," which directs transactions through multiple pathways including credit cards, checks, and cryptocurrencies.
History
Founded in 2014 by Marwan Forzley and Aldo Carrascoso under the name Align Commerce, Veem was created to make cross-border payments as straightforward as buying a cup of coffee. The platform offers integration with several financial software solutions such as QuickBooks, Xero, NetSuite, Plaid, Zapier, and the Q2 banking platform.
In response to the COVID-19 pandemic in April 2020, Veem played a role in the Small Business Administration Paycheck Protection Program by providing loan processing and customer assistance to small enterprises affected by the crisis.
Recognition
- Included in Forbes Fintech 50 list for 2018.
- Selected as one of QuickBooks' Top 10 Apps of the Year in 2017.
- Honored with Xero's Emerging App Partner of the Year award in 2018.
- Featured among Accounting Today's top accounting applications in 2020.
Investors
Among Veem's backers are National Australia Bank (NAB) Ventures, GV (Google Ventures), Goldman Sachs, SoftBank’s SBI Investment, Kleiner Perkins Caufield & Byers, Silicon Valley Bank, Truist Ventures, MUFG Innovation Partners, AB Ventures, Paper Excellence, Myer Family Investments, Trend Forward Capital, and EPAY.