Veem (formerly Align Commerce) is a global business-to-business payments platform founded in 2014 and headquartered in San Francisco. The company enables small and medium-sized businesses to send and receive international payments in local currencies through a simplified online interface, eliminating much of the cost and complexity associated with traditional wire transfers and correspondent banking.

Veem's multi-rail payment technology routes transactions through the most efficient path available, which may include traditional banking rails, blockchain networks, or local payment systems depending on the corridor. This approach allows Veem to offer competitive exchange rates and lower fees compared to conventional bank wires, with transparent pricing and real-time payment tracking. The platform supports payments in over 100 countries and integrates with popular accounting software including QuickBooks, Xero, and NetSuite.

The company has raised over $100 million in venture capital from investors including Goldman Sachs, GV (Google Ventures), and Kleiner Perkins. Veem serves tens of thousands of businesses and has processed billions of dollars in cross-border payments. The platform focuses on the pain points of international accounts payable and receivable for growing businesses that lack the treasury infrastructure of large corporations.

Key Facts

• Founded: 2014 (as Align Commerce)
• Headquarters: San Francisco, USA
• Payments reach: 100+ countries
• Investors: Goldman Sachs, GV, Kleiner Perkins

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