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 Logo used from 2017 to present | |
| Formerly | Align Commerce |
|---|---|
| Company type | Private |
| Industry | Payment services |
| Founded | San Francisco (2014 (2014)) |
| Founder |
|
| Headquarters | San Francisco, United States |
Area served | Global: Europe, United States, Canada, Asia-Pacific, Latin-America |
Key people |
|
| Products | International Payments, Domestic Payments, Accounting Integrations, Working Capital, Digital Wallets |
| Services | Financial Services |
| Website | veem.com |
Veem, formerlyAlign Commerce,[1] is a San Francisco–based onlineglobal payments platform founded in 2014 by Marwan Forzley andAldo Carrascoso.[2] The company uses a payment routing method they refer to as "multi-rail technology,"[3] where transactions are routed through different methods, or "rails", such as credit cards, checks, or cryptocurrency.[4]
Veem was founded by Marwan Forzley andAldo Carrascoso in 2014 as Align Commerce. Forzley and Carrascoso came up with the concept to make cross-border payments, "as easy as purchasing a cup of coffee."[5] Veem is integrated withQuickBooks,Xero,NetSuite,Plaid,Zapier and Q2 banking platform.[6][7]
In April 2020, Veem acted as a front-end component to theSmall Business AdministrationPaycheck Protection Program to facilitate loans and customer support to small businesses as a result of theCOVID-19 pandemic.[8]
Veem's investors includeNational Australia Bank (NAB) Ventures,GV (Google Ventures),Goldman Sachs,Softbank's SBI Investment Co., Ltd.,Kleiner Perkins Caufield Byers,Silicon Valley Bank,Truist Ventures,MUFG Innovation Partners,AB Ventures, Paper Excellence, Myer Family Investments,Trend Forward Capital, andEPAY.[13]
