Veem revenue hit $25.1M in 2024

Veem generates revenue from 300000 customers

Veem

San Francisco, California, United States

How did Latka collect this data?

Latka collected this data by interviewing Veem CEO Marwan Forzley on Sep 23, 2021

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

How Veem hit $25.1M revenue and 300K customers in 2023.

Veem is a global payments network built for businesses. With Veem, you can send and receive payments in local currency, pay and get paid in seconds, and save time and money on international wire transfers.

Founded

2014

Founded

Revenue

$25.1M

2023 Revenue

YOY

2.2%

YOY

Funding

$101.3M

Funding

Veem Revenue

In 2023, Veem revenue run rate hit $25.1M in revenue.

  • 2023

    Veem hit $25.1M in revenue in 2023

  • 2021

    Veem hit $24M in revenue in 2021

  • 2014

    Veem launched in 2014 with $0 revenue

Veem Funding History

  • 2020 Series D

    Veem raised a Series D of in June, 2020

  • 2018 Series C

    Veem raised a Series C of in June, 2018

  • 2017 Series B

    Veem raised a Series B of in June, 2017

  • 2015 Series A

    Veem raised a Series A of in June, 2015

  • 2014

    Veem raised a of in June, 2014

FUNDING DATE ROUND AMOUNT VALUATION
June, 01 2020 Series D
June, 01 2018 Series C
June, 01 2017 Series B
June, 01 2015 Series A
June, 01 2014

Team

Veem has 124 total employees and 26 sales reps that carry a quota. They have 300,000 customers an engineering team of 14

DISTRIBUTION QTY
Total team size 124
Engineer 14 (11%)
Sales 26 (21%)

Founder / CEO

Marwan Forzley

Marwan Forzley is the Co-Founder and Chief Executive Officer of Veem, a next-generation global payment provider that enables businesses to quickly and securely send and receive payments in local currency. Veem uses the blockchain as a new settlement rail to enable frictionless and inexpensive payments. Prior to Align Commerce, Forzley founded and served as CEO of eBillme, an online payment solution that extended online banking to the merchant’s checkout process. After selling eBillme to Western Union, Forzley joined the Western Union’s digital team as General Manager, eCommerce, and Strategic Partnerships. With extensive experience and expertise in eCommerce infrastructure, mobile payments, content delivery, and alternative payments, Forzley is one of the top entrepreneurs working to pioneer better payment systems.

Q&A

  • What's your age?

    50

  • Favorite online tool?

    AWS

  • Favorite book?

    The innovators dilemma

  • Favorite CEO?

    jeff bezos

  • Advice for 20 year old self

    -

Customers

Churn

Veem Executives

Name Position Working Email Personal Email
Marwan Forzley CEO [email protected] -

Veem Employees

Name Position Working Email Personal Email
Marwan Forzley CEO [email protected] -

Frequently Asked Questions about Veem

  • When was Veem founded?

    Veem was founded in 2014.

  • How much revenue does Veem generate?

    Veem generates $25.1M in revenue.

  • Who is the CEO of Veem

    The CEO of Veem is Marwan Forzley.

  • How much funding does Veem have?

    Veem raised $101.3M.

  • How many employees does Veem have?

    Veem has 124 employees.

  • Where is Veem headquarters?

    Veem is headquartered at San Francisco, California, United States

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