Blog

Align Commerce gets $24M in new funding and changes name to Veem   Wow, what a year.   A little more than fifteen months ago, Kleiner Perkins, Silicon Valley Bank and few other great investors came together and provided $12.5M Series A funding for Align Commerce. Their investment was based on their support of our belief that we can revolutionize the way small businesses send and receive global payments,...

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We lie at an unprecedented moment of global unity, even if it may not feel like it.  I think Mark Zuckerberg got it very right in his recent manifesto to re-boot globalization. In particular, this quote really jumped out at me: “If people are asking the question, is the direction for humanity to come together more or not? I think that answer is clearly yes.” It surprised...

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2017 is certain to be an interesting year for small business America. With American trade policy unknowns causing uncertainty over the cost of global exchange, global SMBs will increasingly look for greater efficiency and savings. When it comes to bank-to-bank wire transfer cost and efficiency, there’s some good news and some bad news. First, the bad news: Thus far, banks have done little to improve the back-end...

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Small businesses have been the growth engine of the American economy for years. But while many people still think of these small 1-50 employee businesses as local Mom and Pop shops selling to the neighborhood, these entrepreneurs and innovators and have leveraged the opportunity of globalization to grow faster and provide new jobs for a long while. Ninety-seven percent of US exporters are SMBs and they account...

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The current system of wire transfers has become increasingly outdated, as many SMBs have come to experience. Payment innovation, like the multi-rail system developed by Align Commerce, has stepped in to make cross-border business exchanges easier.   It's part of a new wave of tools available for SMBs to make them compete globally at an "enterprise" level. To find out more about this newest technology, as...

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“Going global” has been a consistent trend in the last 10 years or so and for any SMB thinking of expanding their client-base beyond their local market in 2017, there are certain key considerations that need to be made if your goal is to increase your bottom-line. In our last webinar, we took a look at the various tools that are increasingly required for international...

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The business technology revolution has hit small and medium sized businesses.  They can get help in expanding their top line and create savings in their bottom line with easy to access tools to open up the world of global customers and suppliers.  Submit your information below to listen to Frederick Crosby, CRMO of Align Commerce, as he highlights services in the market that can help...

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In this election cycle, both presidential candidates have done a lot to appeal to small and medium sized business owners. As an important voting block (more than 28 million people) Clinton and Trump released their own vision for supporting SMBs. However, in a recent poll done by Manta, a social networking site that caters specifically to business owners,Trump resonated with them more.  Now that he’s...

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The followers of our blog have known for some time that the rickety infrastructure of the 1970's-era SWIFT platform combined with the correspondent bank network has made bank wires overly costly and a painful experience for anyone using them.   Exchange amounts are never fully known, timing is inconsistent and unknown, and fees collected along the way make it an expensive process.  If you've ever...

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As part of our month-long promotion in helping SMEs, “Rethink Wire Transfers” Align Commerce began offering new customers exchange rates without any mark-ups or added fees if they choose to send or receive payments to any of our corridors in the Euro Zone – essentially making their entire transaction free. Since the introduction of this corridor, the Euro Zone has become an important and popular...

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I always like to kid around with my younger colleagues that I’m old enough to remember when Silicon Valley was called the Blossom Valley.  There are faint memories of when the land of Google and Apple was known as the land of apricots and cherries. Likewise, it wasn’t all that long ago that participating in global trade was a game for just the mega companies.  Headlines...

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Today,  we are releasing a new version of our dashboard to the market. We have been working on it all spring and are very proud to be able finally bring it to our customers. Our main goal in life is to make moving money internationally simple. Whether that is paying suppliers overseas, or being paid by international customers, we think using Align's new app will save our customers...

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This week’s Align Commerce customer profile features an annex of the Embassy of Jordan in Washington D.C., the Jordan Tourism Board North America (JTBNA). JTBNA was officially launched in 1997 to create awareness of the travel opportunities in Jordan and to attract North American visitors to this vibrant country. Located on the east bank of the Jordan River, Jordan is often incorrectly associated with the Middle...

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