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Veem company logo
INTERNET | Internet Software & Services / Payments
veem.com

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Founded Year

2014

Stage

Corporate Minority | Alive

Total Raised

$92.57M

Mosaic Score

+40 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Veem

Veem is a payment service provider (PSP) for global commerce. The company enables businesses and payment platforms to send and receive payments in local currency by using the blockchain as a settlement rail.

Veem Headquarter Location

75 Broadway Suite 202

San Francisco, California, 94111,

United States

877-279-2629

Latest Veem News

Veem’s Payment and AR/AP Solutions To Be Used by FIS on the Q2 Holdings Digital Banking Platform

Oct 22, 2021

October 21, 2021 Veem, an online payment solutions provider, has announced its availability within the Q2 Innovation Studio Marketplace, making its fee-free global accounts receivables and payables (AR/AP) automation platform pre-enabled to 450+ financial institutions (FIs) on the Q2 digital banking platform. This partnership with Q2 Holdings, Inc. (NYSE:QTWO), a provider of digital transformation solutions for banking and lending, enables Veem’s payment and AR/AP solutions to be delivered directly to FIs’ customers and small businesses. As businesses in under-penetrated payment industries continue to rely on inefficient domestic and cross border options, digital solutions are fast becoming a necessary and reliable tool for small- and mid-sized businesses (SMBs) looking to compete in a hypercompetitive economy. FIs will have the option to provide approximately 1.5 million businesses on the Q2 platform access to Veem’s AR/AP services with integrated cross border and domestic payment solutions , allowing more options to pay and get paid. “This partnership with Veem gives our Financial Institutions the ability to deliver Veem’s modern payment services to SMB customers with agility and reliability,” said Johnny Ola, managing director, Q2 Innovation Studio. “Businesses are looking for embedded solutions that act as a one-stop-shop to conduct all their day-to-day transactions. With our integration with Veem, we are excited to give our financial institution customers the option to offer small businesses innovative technology solutions.” The Q2 Innovation Studio is a portfolio of technologies and programs that FIs and Q2 fintech partners can leverage to design, develop and distribute innovative digital banking products, services, and features. Through the Q2 Marketplace and Partner Accelerator Programs, FIs can now select and deploy pre-integrated apps fast, without investing in development and implementation resources or the time-consuming evaluation process. “Financial Institutions are looking for ways to add Invoice/request functionality and modernise their payment processes,” said Marwan Forzley, CEO of Veem. “As our economy moves to a more digital future, it’s important that financial institutions aid small business owners in their journey with forward-thinking solutions. We are thrilled to be part of that future and this partnership with Q2 to deliver, AR and AP products to small- and medium-sized businesses, in both domestic and cross-border settings.” Author

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Veem

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Veem in 2 CB Insights research briefs, most recently on Sep 20, 2021.

Expert Collections containing Veem

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Veem is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

B

Blockchain

3,362 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech 250

248 items

S

SMB Fintech

1,132 items

P

Payments

1,614 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Veem Patents

Veem has filed 6 patents.

The 3 most popular patent topics include:

  • Bearings (mechanical)
  • Engine technology
  • Named minor planets
patents chart

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9/3/2020

4/27/2021

Bearings (mechanical), Engine technology, Engine components, Named minor planets, Numbered minor planets

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9/3/2020

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4/27/2021

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Related Topics

Bearings (mechanical), Engine technology, Engine components, Named minor planets, Numbered minor planets

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Status

Grant

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Veem Web Traffic

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Page Views per User (PVPU)
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Veem Rank

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