Company Overview
About Veem
Veem is a global business payments platform that enables small and medium-sized businesses to send and receive international payments at significantly lower cost than traditional bank wire transfers. Founded in 2014 in San Francisco by Marwan Forzley and Aldo Carrascoso, Veem raised $97 million from investors including Google, Truist Ventures, Goldman Sachs, and Citigroup — a roster of strategic investors that speaks to the platform's credibility in the global payments infrastructure space. Over 700,000 businesses in 100+ countries use Veem, making it one of the largest SMB-focused international payment platforms.
Business Model & Competitive Advantage
Veem's core innovation is its multi-rail payment routing technology, which uses blockchain as a settlement layer to route international payments through the most efficient path — whether bank-to-bank, ACH, SWIFT, or blockchain-based rails — based on destination country, currency, and amount. This approach allows Veem to offer international wire transfers at 50-80% lower cost than traditional bank wire fees (typically $25-50 per wire) while delivering faster settlement times. Businesses can pay international suppliers, contractors, and employees without needing foreign bank accounts or dealing with complex SWIFT routing codes.
Competitive Landscape 2025–2026
The platform's business model is designed for SMBs that cannot negotiate enterprise payment rates with banks. Veem offers transparent, predictable pricing — a fixed fee or small percentage per transaction — without the hidden foreign exchange markups that banks typically embed in international transfers. The platform integrates with accounting software including QuickBooks, Xero, and NetSuite, embedding payments into the accounting workflows where SMBs already manage their finances.
Additional Context
Veem competes in the global B2B payments market alongside Wise Business, Tipalti, Bill.com, and Airwallex. The company differentiates on its blockchain-powered routing technology, SMB-friendly user experience, and integration with mainstream accounting platforms. As cross-border commerce continues to grow — driven by global supply chains and remote work enabling international contractor relationships — Veem's addressable market of SMBs needing affordable international payment solutions continues to expand.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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