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BY CNA Team - September 28, 2018

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Veem raises US$25mil in latest funding round

Veem gets US$25mil in latest funding round
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Veem, a payments platform focused on small businesses using blockchain technology, has closed a US$25mil strategic funding round led by Goldman Sachs.

Other investors in the latest funding round included GV, Silicon Valley Bank, Extol Capital, Trend Forward Capital, Kleiner Perkins, and Pantera Capital.

The company says in a press statement that the most recent funding round followed a US$26mil Series B funding round concluded in March 2017.

Founded in 2014, Veem, formerly known as Align Commerce, has a customer base of over 80,000 small businesses in 96 countries.

“We’re thrilled to have Goldman Sachs lead our investment round. This funding will help us expand our footprint, increase our distribution and form new strategic partnerships,” Veem CEO Marwan Forzley says.

Image courtesy of Veem website.

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