Veem vs Block
Side-by-side comparison of AI visibility scores, market position, and capabilities
Veem is a global B2B payment platform using blockchain for multi-rail payment routing; raised $97M+ from Google, Truist, and Citigroup; 700,000+ businesses in 100+ countries; cuts international wire costs 50-80% for SMBs.
About
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.
San Francisco fintech (NYSE: SQ) added to S&P 500 July 2025; Cash App $5.0B gross profit, Square $3.7B, Afterpay BNPL integration, Jack Dorsey CEO competing with PayPal/Venmo and Stripe for merchant and consumer fintech.
About
Block, Inc. is a San Francisco, California-based financial technology company — publicly traded on the New York Stock Exchange (NYSE: SQ) as an S&P 500 Information Technology component (added to the S&P 500 on July 23, 2025, replacing Hess Corporation) — operating two primary financial platforms: Square (merchant payment processing, point-of-sale hardware, and business banking for small-to-mid-size merchants) and Cash App (peer-to-peer payments, digital banking, stock investing, and Bitcoin transactions for individuals) alongside Afterpay (buy now pay later), Tidal (music streaming), and TBD (decentralized finance), through approximately 12,000 employees. CEO Jack Dorsey (co-founder with Jim McKelvey in 2009 as Square, rebranded to Block in December 2021) leads the company's strategy of building an interconnected ecosystem of financial services that connect individual consumers (Cash App) with merchants (Square) and the broader financial ecosystem. In fiscal year 2024, Block reported gross profit of approximately $8.9 billion, with Cash App generating approximately $5.0 billion in gross profit (+14% year-over-year) driven by Cash App Card, direct deposit adoption, and Cash App Pay, while Square generated approximately $3.7 billion in gross profit (+9%) driven by software and banking products alongside payment processing. Block acquired Afterpay for $29 billion in January 2022 — integrating the Australian buy-now-pay-later platform into both Square (merchant installment offer at checkout) and Cash App (consumer Afterpay integration).
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