Veem in the News

``Veem is a startup trying to simplify all of that for SMBs by providing a platform to ease the international transfer of funds between businesses.`` - TechCrunch

TechCrunch

Veem opens up global payments platform to developers with new API

If you’ve ever tried to do business across borders, you know how painful it can be to send a wire transfer, wait for the payment to clear the bank and pay a set of fees along the way. Veem is a startup trying to simplify all of that for SMBs by providing a platform to ease the international transfer of funds between businesses. Today, it announced it was opening up that capability to developers in the form of an API.

 

View Article

ProgrammableWeb

Daily API RoundUp: DBS Bank, AWS, Veem

Veem is a business-to-business payments platform that leverages multi-rail and Blockchain technology for transferring money in an easy and secure way between 60 countries. The Veem API is designed for businesses that send and receive international and domestic payments. The primary use case of the Veem API is sending money to vendors/suppliers.

 

View Article

Bankless Times

Veem launches API payments platform

Blockchain-based payments platform Veem today announced the launch of its API.

It is designed for the unique needs of businesses that send and receive international payments. 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.

 

View Article

Cryptocoins News

Blockchain Startup Veem Integrates with QuickBooks for International Payments

QuickBooks users will now be able to send international payments over a blockchain enabled by payments firm Veem as an alternative to international wire transfers.

 

In an announcement, blockchain cross-border payments platform Veem revealed the new integration which will see users sync vendor bills from QuicBooks to Veem to facilitate significantly faster and cheaper international payments across multiple currencies.

 

View Article

pymnts.com

QuickBooks Adds Veem’s Global Payment Capabilities

Veem, the B2B payments company formerly known as Align Commerce, is partnering with QuickBooks as the accounting software company looks to integrate payment capabilities for its SME users.

 

Reports Thursday (July 6) said Veem is integrating its cross-border wire payment capabilities into QuickBooks so SMEs can pay supplier invoices from within the

 

View Article

coindesk

Blockchain Payments Startup Veem Integrates with Intuit QuickBooks

Intuit QuickBooks customers can now send international payments via blockchain payment provider Veem as an alternative to traditional wire transfers.

 

Announced yesterday at Money2020 Europe, the integration is aimed at helping accounting professionals streamline operations, while reducing fees. Veem claims users of the service will now be able to obtain such services at a reduced cost, as opposed to paying $40–$50 through alternative payments providers.

 

View Article

TechCrunch

Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs

Remittances — the business of money transfers — is a fragmented and huge market, currently estimated to be worth some $25 trillion annually. Now, one of the more interesting startups in the field — which combines “alternative” financial rails like the blockchain with more traditional bank rails to provide faster and cheaper remittance services for small and medium businesses (think Venmo for SMBs) — has raised a new round of funding and is rebranding as it gears up to claim a bigger stake in the field.

 

View Article

startup daily

NAB Ventures leads US$24 million Series B round for US forex startup Veem

National Australia Bank has led a US$24 million Series B round (approximately $31 million) in San Francisco-based foreign exchange payments company Veem through its VC fund, NAB Ventures.

 

With participation from investors including Silicon Valley Bank and Kleiner Perkins Caufield & Byers, the deal is the third for the fund, which also counts Data Republic and Medipass Solutions in its portfolio. Melissa Widner, general partner at NAB Ventures, will be joining the Veem board.

 

View Article

Business Insider Australia

NAB Ventures leads US$24 million Series B round for US forex startup Veem

NAB Ventures, the National Australia Bank’s fund, has led an investment round in San Francisco-based foreign exchange payments company Veem.

 

Veem leverages blockchain technology to allow organisations to send and receive payments in local currency.

 

View Article

VentureBeat

Veem raises $24 million to simplify global payments

Veem announced today that it has closed a $24 million funding round. The startup offers small and medium-sized businesses (SMBs) around the world an easy solution for sending and receiving money. More than 95 percent of all businesses across the world — some 20 million — are SMBs, which represents an enormous potential market.

 

View Article

Market Wired

Align Commerce Raises $24 Million Series B to Simplify Global Payments for Small Businesses; Rebrands as Veem

Align Commerce, the company that makes global payments simple for small businesses, today announced it has closed a $24 million Series B funding round and renamed the company to Veem. The investment, led by National Australia Bank (NAB) Ventures, includes GV (formerly Google Ventures) and SBI Investment Co., Ltd. and will help Veem expand into more countries, enable payments in additional currencies, and continue to transform the global payment process for SMBs. Melissa Widner, general partner, NAB Ventures, will also join Veem’s board. Existing investors Kleiner Perkins Caufield Byers and Silicon Valley Bank also participated in the Series B round. Rebranding to Veem supports the company’s commitment to modernizing the way small businesses send and receive payments.

 

View Article

pymnts.com

New Name, New Funding For SME Payments Firm Align Commerce

Cross-border trade is far from simple, and for many SMEs, that complexity is crippling. Research from HSBC released late last year found that among all of the challenges small businesses face when looking to work with suppliers across borders, an overall lack of global business knowledge and experience is what’s truly holding these entrepreneurs back from a global stage.

 

View Article

Yahoo Finance

Align Commerce Raises $24 Million Series B to Simplify Global Payments for Small Businesses; Rebrands as Veem

Using blockchain and other network technologies, the former Align Commerce is focusing on payment services for small and mid-sized businesses.

 

Veem, a provider of online payment services known until today as Align Commerce, is out to make international payments easier for small and mid-size companies. Several investment firms are backing its strategy with $24 million in funding, Veem said today.

 

View Article

Digital Commerce 360

Online payments company Veem gets $24 million

Align Commerce, the company that makes global payments simple for small businesses, today announced it has closed a $24 million Series B funding round and renamed the company to Veem. The investment, led by National Australia Bank (NAB) Ventures, includes GV (formerly Google Ventures) and SBI Investment Co., Ltd. and will help Veem expand into more countries, enable payments in additional currencies, and continue to transform the global payment process for SMBs. Melissa Widner, general partner, NAB Ventures, will also join Veem’s board. Existing investors Kleiner Perkins Caufield Byers and Silicon Valley Bank also participated in the Series B round. Rebranding to Veem supports the company’s commitment to modernizing the way small businesses send and receive payments.

 

View Article

coindesk

Bitcoin Startup Align Raises $24 Million, Rebrands as Veem

The company formally known as Align Commerce has raised $24m as part of its plan to simplify global fiat currency payments using the bitcoin blockchain.

 

Now rebranded as Veem, the company that aims to make bank wire transfers extinct, will first use the new funds to usher in two-way transactions in all of the countries it already does business with.

 

View Article

pymnts.com

Off The Rails: Can Regulation Help Blockchain Deliver Faster X-Border Payments?

Can the blockchain help SMBs optimize their cross-border trading opportunities? Align Commerce CEO Marwan Forzley says so and gives PYMNTS his view on how the blockchain offers SMBs a lot more bang for a lot fewer bucks when doing business across borders. You can find that interview, as well as all of the latest developments in cross-border payments trends and tech, in January’s X-Border Payments Tracker

 

View Article

The Payers

Align Commerce rolls out new website and product features

Align Commerce, a global payments provider, has released its new website along with the Mass Upload product feature.

 

Align Commerce’s new site shows small and medium sized businesses how to optimize their instigation of wire transfers by making the experience simpler. By providing just a few pieces of information – like name and email address, customers can send or receive payments straight from their bank account to over 60 countries around the world without a trip to the bank or complex paperwork.

 

View Article

Silicon Valley Business Journal

Kleiner-backed startup offers small businesses’ global payments cheaper than banks

San Francisco-based Align Commerce is drawing top talent and venture capitalists as the startup offers small businesses an easier, cheaper way to make international payments.

 

View Article

coindesk

Is Blockchain a Better Payments Rail? Panelists Divided at Consensus 2016

Distributed ledgers are often referred to as a new database technology, but could they come to replace existing payments rails?

 

The subject was the center of discussion among Julio Faura of Spanish megabank Santander; Marwan Forzley of blockchain payments startup Align Commerce; Gys Gyman of global consultancy Deloitte; Chris Larsen of distributed ledger leader Ripple; and Elizabeth Rossiello of bitcoin payments startup BitPesa today, the group representing a mix of financial incumbents and startups.

 

View Article

pymnts.com

Thinking Globally, Acting Locally For Cross-Border Payments

Align Commerce’s recent entrance into Brazil just ahead of the 2016 Summer Olympics in Rio is no coincidence. The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

 

View Article

pymnts.com

The Many Rails Of China’s X-Border Payments Journey

China’s economy is in flux, and the headlines lately haven’t been good: The value of the yuan has dropped, late B2B payments are becoming an increasing problem in the market and some analysts doubt whether the government-backed China International Payments System — a venture aimed at launching the yuan into the global market — can actually succeed.

 

View Article

Cryptocoins News

Align Commerce Debuts Payment Rail To China Using The Blockchain

Align Commerce, a San Francisco, Calif.-based cross-border payments service provider, has established a “China corridor” to allow businesses to easily send and receive payments to and from Asia’s largest economy.

 

With the value of bilateral trade between the U.S. and China surpassing $555 billion in recent years, businesses in both countries will now reap the benefits of Align Commerce’s multi-rail technology that combines the blockchain with traditional payments, real-time payment tracking and easy invoicing.

 

View Article

pymnts.com

Align Commerce Boards Payment Rail To China

Just in time to celebrate the Chinese Lunar New Year, global payments provider Align Commerce announced Monday (Feb. 8) the establishment of its China corridor to enable SMBs to both send and receive payments to and from the largest Asian economy.

 

The firm is offering an “$8 for Eight Days” promotion, where for an eight-day period B2B payments to and from China will only cost a flat fee of $8 (including foreign exchange fees), for all export-import payments to China from the U.S.

 

View Article

BusinessWire

Align Commerce Announces Establishment of Payment Rail to China

Align Commerce, a next-generation global payments provider serving the small- and medium-sized business (SMB) community, today announced the establishment of its China corridor to allow businesses to easily send and receive payments to and from Asia’s largest economy. With the value of bilateral trade between the U.S. and China surpassing $555 billion in recent years, businesses in both countries will now reap the benefits of Align Commerce’s revolutionary multi-rail technology that combines the blockchain with traditional payments, simple invoicing and real-time payments tracking.

 

View Article

Forbes

Kleiner Perkins Makes First Bitcoin Startup Investment With B2B Payments Provider Align Commerce

Bitcoin startups have been one of the fastest-growing areas for venture capital this year. By July, according to CB Insights, they had attracted $375.4 million in investment in the first six months of this year, up from $339.4 million in 2014.

 

View Article

The Wall street Journal

Kleiner Perkins Makes First Bitcoin-Related Deal With Align Commerce

Align Commerce Corp.’s use of bitcoin is invisible and almost irrelevant to its business customers. And that’s how the startup wants to keep it.

 

The San Francisco company, which is announcing today that it has raised a $12.5 million Series A round led by Kleiner Perkins Caufield & Byers, is one of an emerging class of bitcoin-based companies that rely on the digital currency behind the scenes. It’s being used as a tool to provide an improved financial service–in Align’s case that’s cross-border payments for small businesses.

 

View Article

The New York Times

Data Security Is Becoming the Sparkle in Bitcoin

Some couples opt for a traditional wedding, while others go for the Elvis impersonator in Las Vegas. But David Mondrus and Joyce Bayo may be the first to have incorporated Bitcoin.

 

View Article

The Guardian

The ‘internet weirdos’ of bitcoin are changing the way money works

There’s no reason to mourn the fall of bitcoin prices. Anyone who is crying over bitcoin’s recent face-plant – losing one-third of its value in two days – must be a speculator. Gambling is gambling – sorry, pal. If you’re celebrating the price drop because of schadenfreude, or just straight-up skepticism about the cryptocurrency itself, you’re missing the point, too.

 

View Article

Click to learn more about about Veem and our simple and easy to use platform.