Veem
“Can a B2B cross-border payments network pivot into the embedded payout and virtual banking infrastructure of choice for platforms and marketplaces globally?”
HQSan Francisco, CA, USA
IndustryFintech / Cross-border payments
The story
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.
Last 12 months
—
Product timeline
2021
Launched Veem Capital with Pay Later and Pay with Card short-term lending products for SMBs.· lending
2021
Partnered with Marqeta and Pathward to launch Visa Prepaid Virtual Cards for small businesses.· card
2021
Partnered with Freightos to offer B2B international payment solutions for freight and logistics.· banking
Regulated entities
6
regulatory licences held by Veem
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Veem’s embedded-finance stack
Payments / PSP
Veem Payments (self-operated)
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
10 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.