Veem launches API, expanding potential for global payments processing

Developers can now build on powerful payments platform leveraging multi-rail and blockchain technologies

SAN FRANCISCO, CA — November 28, 2017 — Veem, the first global payments platform to use blockchain, today announced the launch of its API. This is the first API designed for the unique needs of businesses that send and receive international payments, a breakthrough that will be a big leap forward for the growing legions of businesses with global partners. By leveraging multi-rail technology, including blockchain, Veem has built a platform that transfers money in the easiest and most secure way between 60 countries.

Technology has changed the way businesses work, but paying and getting paid by vendors and suppliers continues to be a painful, slow process. We’re all accustomed to experiences where payment and commerce easily work together. Veem is bringing that integrated experience to businesses with our API

“Technology has changed the way businesses work, but paying and getting paid by vendors and suppliers continues to be a painful, slow process. We’re all accustomed to experiences where payment and commerce easily work together. Veem is bringing that integrated experience to businesses with our API,” said Marwan Forzley, founder and CEO at Veem. “We’re opening up the Veem Platform to all applications, making it possible to execute payments between users across the world, something that hasn’t been done before.”

By opening up the API and adding the ability to send and receive payments globally, Veem is leveraging the creativity of the developer community to enable a wide range of integrated experiences. The API is open to all industries including marketplaces, crowdfunding sites, accounting and hiring software, inventory tools, outsourcing solutions and any others that need a simple way to pay and get paid.

“With modern businesses moving to greater and greater globalization, we recognized the increasing value that Veem plays in accounts payable and foreign currency transfers and exchange,” said Louie Balasny, Accounting Technologist at botkeeper. “We are excited to integrate Veem into our portal to provide a seamless bookkeeping, reporting, and bill pay solution that includes foreign currency exchange. Best of all, Veem embodies the same mission and goals as botkeeper, to drive and lower the cost of bookkeeping for entrepreneurs.”

Veem already integrates with Quickbooks, Xero and Netsuite, simplifying the payment experience by auto-creating bill payments, eliminating duplicate entries, reducing manual bookkeeping and cutting down on errors. Developers will be able to build on the multi-rail technology platform to deliver seamless experiences for users of their solution as well as the 40,000+ businesses using Veem.

To learn more or to access the API, visit: https://www.veem.com/developers.

About Veem

Veem is a next generation platform for business-to-business payments. Veem enables businesses to send and receive payments in local currency with a few simple steps using our unique multi-rail technology across several global networks. Founded by a world class team of industry veterans with over 100 years of combined experience in payments, payment processing and banking IT infrastructure management, we aim to change the financial payment system through innovation. Our mission is to change the legacy financial payment system through innovation and improve the costly and outdated payments industry by building a new user focused financial ecosystem that services businesses globally.

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