Veem

Global payment platform for SMBs

San Francisco, California, United States

About Veem

Veem provides a platform for businesses to manage international payments efficiently. It allows small to medium-sized businesses (SMBs) to send and receive money across borders with ease. By utilizing blockchain technology, Veem ensures that transactions are secure and transparent, addressing common issues faced by SMBs with traditional banking systems, such as high fees and slow processing times. Unlike many banks that impose significant charges for international transfers, Veem offers competitive transaction fees, making it a more appealing choice for its target market. The company also integrates with various accounting software, simplifying financial management for its users. Veem's goal is to enhance global commerce by providing a straightforward and reliable payment solution for businesses.

San Francisco, CaliforniaHeadquarters
2014Year Founded
$97.5MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Paid Vacation
Professional Development Budget
Home Office Stipend
Paid Sick Leave

Risks

Increased competition from fintech companies could erode Veem's market share.
Cryptocurrency market volatility may impact Veem's transaction costs and pricing strategies.
Regulatory scrutiny on cryptocurrency transactions may affect Veem's operations and compliance costs.

Differentiation

Veem uses blockchain to eliminate intermediary banks, reducing costs for SMBs.
Veem offers a fee-free Visa Virtual Card, enhancing payment flexibility for small businesses.
Veem integrates with accounting software, simplifying financial management for businesses.

Upsides

Partnership with WooCommerce expands Veem's reach to a vast network of merchants.
Fee-free Visa Virtual Card attracts SMBs with faster access to funds and flexibility.
Integration with Finastra enhances Veem's services, increasing adoption by financial institutions.