Payments platform Veem has expanded into Canada, enabling fund transfers between international business partners in more than 95 countries.
The service facilitates multi-currency payments, while allowing users to view exchange rates, currency and transaction identification data.
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Veem claims that its platform processes funds quickly and in a secure manner. The rates offered by Veem for funds processing is said to be unmatched by banks.
Veem CEO Marwan Forzley said: “Veem has two priorities – provide safe, secure transactions and expand into markets to better serve businesses regardless of size.
“At Veem, all customers are treated as enterprise customers, receiving the immediate, individualised attention banks often fail to provide.”
Veem payments platform expansion
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By GlobalDataThe expansion into Canada comes shortly after the payment firm’s $25m funding round.
The fundraising was led by Goldman Sachs, who was joined by GV (formerly Google Ventures), Silicon Valley Bank, Extol Capital, Trend Forward Capital, Kleiner Perkins, and Pantera Capital.
“This funding will help us expand our footprint, increase our distribution and form new strategic partnerships,” Forzley said at that time.
Veem leverages unique multi-rail technology and intuitive dashboard to carry out money transfers in local currency.
The business utilises disruptive technologies including blockchain and focuses on addressing the needs of small businesses.
