Veem (FKA Align Commerce), a San Francisco, CA-based a provider of global payments solutions for small businesses, closed a $24m Series B funding.
The round was led by National Australia Bank (NAB) Ventures, with participation from GV (formerly Google Ventures) and SBI Investment Co., Ltd. and existing investors Kleiner Perkins Caufield Byers and Silicon Valley Bank. In conjunction with the funding, Melissa Widner, general partner, NAB Ventures, will also join Veem’s board.
The company intends to use the funds to expand into more countries, enable payments in additional currencies.
Led by Marwan Forzley, CEO and founder, Veem enables small businesses to pay and get paid from their business partners all over the world by intelligently routing payments between different rails, including the blockchain, to connect the disparate parts of the international payment process.