“Can a B2B cross-border payments network pivot into the embedded payout and virtual banking infrastructure of choice for platforms and marketplaces globally?”
Veem started as a B2B global payments platform focused on SMBs sending cross-border payments more cheaply and quickly than traditional wire transfers. Over time it expanded from pure payments into financial services for SMBs — adding virtual cards, short-term capital (Veem Capital), and accounting integrations. More recently, Veem has pivoted toward a B2B2X embedded finance infrastructure play, offering white-labeled disbursement, virtual bank account, and FX capabilities to platforms and marketplaces under a partnership model, competing with Nium and Airwallex at the platform layer.
Veem discloses Pathward as its sponsor bank, according to the Embedded Finance Index 2026.
Veem does not disclose a bank charter of its own; its banking services are provided through Pathward.
Veem processes payments through Veem Payments (self-operated).
Veem's cards are issued through Marqeta.
Veem connects to bank accounts through Plaid.
Veem uses Veem (self-operated) for FX and cross-border payouts.
Veem integrates with QuickBooks Online, Xero and NetSuite.
The Embedded Finance Index 2026 maps 7 layers in Veem's stack: Payments / PSP (Veem Payments (self-operated)); Card issuing (Marqeta); Lending (Veem Capital – Pay Later (short-term loan), Veem Capital – Pay with Card and Line of credit (editorial content)); Open banking (Plaid); Sponsor bank (Pathward); FX & payouts (Veem (self-operated)); Accounting (QuickBooks Online, Xero and NetSuite).
Veem is headquartered in San Francisco, CA, USA.
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