Powered by

NAB invests in US forex fintech Veem

Mar 9, 2017 - Australian Financial Review

NAB Ventures has led a $US24 million ($31.6 million) funding round by foreign exchange payments group Veem, in a deal National Australia Bank hopes will help it grab a larger share of international money transfers made by small business.

Silicon Valley-based Veem, formerly known as Align Commerce, has built a forex platform which is payment rails agnostic, meaning it sits above any infrastructure used to make cross-border payments. This could include the traditional Swift system, or new bl

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox