Veem reaches 60,000 small businesses served, expands to 96 countries

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Global payments platform expands services to empower more small businesses

SAN FRANCISCO — MAY 17, 2018 — Veem, the global payments provider designed for small businesses, today announced it has reached 60K small businesses on its payments network, and can now send money to and from 96 countries.

Replacing traditional bank wires with Veem saves small businesses time and money that could be better spent expanding their operations.

The cross-border payments industry is valued at $150 trillion, and is expected to reach $218 trillion by 2020.

Small businesses pay $50 billion in unnecessary fees to an inefficient system that lacks the innovation, transparency and security that is expected of today’s tech.

Small businesses are being stifled working and paying internationally by outdated bank wires that are fundamentally broken

Veem provides fast and easy payments to small businesses in new countries and with new currencies, helping them grow and thrive in the global market.

“Technology is driving small businesses to expand and outsource their operations, but they’re being stifled working and paying internationally by outdated and obsolete bank wires that are fundamentally broken,” said Marwan Forzley, CEO and co-founder of Veem.

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About Veem

Trusted by more than 700,000 businesses in over 100 countries, Veem is the market leader in automating accounts payables and receivables for businesses. Started with the intention of making business payments as simple as sending an email, Veem has revolutionized the way businesses pay and get paid around the world by empowering business owners, accountants, and finance professionals to take control of their payment processes. Veem levels the playing field by providing enterprise-level payment tools to small businesses. Designed with data security and privacy in mind, Veem adheres to strict compliance, privacy and data protection practices and holds all required federal and state licenses.