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Align Commerce: Cross-border payments platform enabling international transfers for small and medium-sized businesses, using blockchain technology.
Based in San Francisco, California, Align Commerce is a business-to-business cross-border payments platform utilizing blockchain technology and multi-rail routing to process international transactions for small and medium-sized enterprises. The company, officially rebranded as Veem in March 2017, serves more than 400,000 global customers and generates 7,200,000 dollars in annual revenue. Its payment infrastructure integrates directly with major accounting software platforms, including QuickBooks, Xero, and NetSuite, to eliminate traditional correspondent banking intermediaries and reduce transaction costs. The enterprise has secured over 100 million dollars in total venture capital funding, including a 12,500,000 dollar Series A and a 24 million dollar Series B round, from prominent institutional investors such as Kleiner Perkins, GV, National Australia Bank Ventures, and Silicon Valley Bank. Align Commerce was founded in 2014 by former Western Union executive Marwan Forzley and Aldo Carrascoso.
Align Commerce has raised $36.5M across 2 funding rounds.
Align Commerce has raised $36.5M in total across 2 funding rounds.
Align Commerce has raised $36.5M in total across 2 funding rounds.
Align Commerce's investors include NAB Ventures, Randy Komisar, Digital Currency Group, FS Venture Capital, Pantera Capital, Recruit Strategic Partners, Silicon Valley Bank.
Align Commerce has raised $36.5M across 2 funding rounds. Most recently, it raised $24.0M Series B in March 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 9, 2017 | $24.0M Series B | NAB Ventures | |
| Nov 18, 2015 | $12.5M Series A | Randy Komisar | Digital Currency Group, FS Venture Capital, Pantera Capital, Recruit Strategic Partners, Silicon Valley Bank |