Veem
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 | |
| Private | |
| Industry | Payment services |
| Founded | San Francisco (2014) |
| Founder |
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| Headquarters | San Francisco, United States |
Area served | Worldwide |
Key people |
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| Website | veem.com |
![[icon]](/web/20200802192713/https://en.wikipedia.org/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (February 2020) |
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 100 countries can receive payments, and customers in 25 of those can send payments.[2] 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.[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), Goldman Sachs, Softbank’s SBI Investment Co., Ltd., Kleiner Perkins Caufield Byers and Silicon Valley Bank.[3]
References[edit]
- ^ a b 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.
- ^ a b Shin, Laura. "Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce". Forbes. Retrieved 2018-10-01.
- ^ a b 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.
