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Goldman Sachs leads $25m funding in blockchain paytech Veem

Goldman Sachs leads $25m funding in blockchain paytech Veem

September 28, 2018

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The round included new investors Extol Capital, and a “multi-billion dollar international investment fund” along with participation from existing investors GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This funding adds to the $26 million raised in Series B.

Veem offers a payments platform built for small businesses. According to the firm, international transfers are built on an “outdated, 40-year-old system based on processes and technology that have left small businesses underserved and overcharged”.

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