Bitcoin startup Veem raises $24M

posted about 1 year ago
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.

Veem's platform provides SMBs with an end-to-end payment experience that is simple, trackable and integrated into the rest of the businesses' processes. It allows even the smallest businesses to Veem payments between multiple geographies and in various currencies without worrying about where their money is.

By intelligently routing payments between different rails, including Bitcoin's blockchain, Veem's multi-rail technology connects the disparate parts of the international payment process. Veem's platform brings the simplicity of consumer payments to small businesses by enabling them to send and receive payments using only an email address.
Tags: bitcoin, news, blockchain