Veem is a payment service provider that streamlines the process of sending and receiving funds for businesses. Through its platform, small businesses can effortlessly conduct local currency payments. By utilizing blockchain as a payment rail, Veem eliminates the requirement for intermediary banks, resulting in cost reductions for small and medium-sized enterprises. The company converts the sender's funds into bitcoin and then sells the digital currency on an exchange to obtain the desired currency for the recipient.
$31M • 2020 • Strategic round
Veem is a payment service provider that streamlines the process of sending and receiving funds for businesses.
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