Enterprise Payment SoftwareSan Francisco, CaliforniaFounded 2014CEO Marwan Forzley
Veem is a San Francisco-based global payments platform founded in 2014 by Marwan Forzley that enables small and medium-sized businesses to send and receive payments in local currency across 110 countries and more than 70 currencies.
Veem's annual revenue was $80.6M in November 2024 (listcorp.com), the most recent figure on record. Veem is #102 on the Latka List. The list ranks the 1,297 companies Nathan Latka has interviewed by revenue.
| As of | Revenue | Source |
|---|---|---|
| Sep 2021 | $24M | – |
| Dec 2023 | $25.1MEST | GetLatka estimate |
| Oct 2024 | $26.3MEST | GetLatka estimate |
| Nov 2024 | $80.6M | listcorp.com |
– source not recorded
Veem has raised $101.3M across five rounds since 2014. The latest was a $31M Series D in June 2020.
| Date | Round | Raised |
|---|---|---|
| Jun 2020 | Series D | $31M |
| Jun 2018 | Series C | $25M |
| Jun 2017 | Series B | $24M |
| Jun 2015 | Series A | $20M |
| Jun 2014 | Funding round | $1.3M |
| Total raised | $101.3M |
Nathan Latka has interviewed Veem once, speaking with Marwan Forzley. Each figure links to the second it was said.
Watch: How Veem Reached 300,000 SMB Accounts and $120M Raised with Three Revenue Streams (Interview with CEO Marwan Forzley)September 2021 · Marwan Forzley, CEO
Growth tactics they described: App ExchangesWatch at 3:15ViralityWatch at 4:07
Veem competes most directly with Payoneer.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Payoneer | $1.1B | $270M | 2,240 | 14M | 2005 |
| Veem | $80.6M | $101.3M | 108 | 300K | 2014 |
#18 of 108 Enterprise Payment Software companies by revenue · category median $8.8M · See the ranking
Marwan Forzley is CEO of Veem. Veem had 108 employees (October 2024, LinkedIn), down from 124 a year earlier.
InvestorsJames Johnston
Also at VeemDinusha Lokuliyana, Ratika Bhuwalka, Pratiksha Shukla, Gagan Verma, Ivaylo Mihaylov, Christian Mambwe, Vishal Joy, Asmita Surse, Mahmoud Abid, Shaina Murugan, Yian Zhang, Emad Badawi, Angela Richmire, Daniel Sinukoff, AJ Hanna, Joseph Gremillion, Shamar Phillips-Williams, Taly Talmusienko, Nikhil (Nik) Sathe, Vanessa M Rowe, Abdullah Bafaqea, Lantana D., Danny Ngo, Rafael Chavez, Rajat Joshi, Girlie Suniega, Delphine Prem, Amanda Angelini, Poya Fallahdoust, Phoolish Cooper
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 108 | |
| Dec 2023 | 124 | |
| Sep 2023 | 124 | – |
| 2023 | 116 | – |
| Dec 2022 | 122 | |
| 2022 | 120 | – |
| 2021 | 160 | Marwan Forzley on cameraWatch at 21:52 |
Veem's annual revenue was $80.6M in November 2024, according to listcorp.com. No later figure is on record.
Veem has raised $101.3M across five funding rounds. The latest was a $31M Series D in June 2020.
Veem had 108 employees in October 2024, according to LinkedIn.
Marwan Forzley is the CEO of Veem. Nathan Latka interviewed Marwan Forzley in September 2021.
5 said on camera · 4 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice. The Latka List ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.
Updated Oct 7, 2026Data disclaimerReport a correctionClaim this profile