Finexio, a rapidly growing payables-as-a-service platform and Veem, a leading provider of online payment solutions, announced today an innovative new partnership combining the best of Veem’s international foreign exchange capabilities with Finexio’s domestic payment features.
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Built with businesses in mind, Veem’s extensive foreign exchange payments network enables Finexio’s clients to seamlessly pay suppliers in over 110 countries around the world. Simultaneously, Finexio’s unique API driven payments-as-a-service platform expedites the ability for Veem to efficiently make payments leveraging Finexio’s ten payment methods to optimize outbound payments.
With more than 250,000 global customers, Veem has successfully closed multiple funding rounds with investment from Truist Ventures, Goldman Sachs, GV, Silicon Valley Bank, and others. Veem’s highly integrated platform syncs with accounting and ERP platforms including NetSuite, QuickBooks, Xero, and Magneto.
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“We’re delighted to partner with Veem, enabling our large customers with complex cross-border payment needs to access a global payments platform via a single API,” said Ernest Rolfson, Finexio CEO. “Together, Veem and Finexio are satisfying the need CFOs have for cost reductions and automation to offset revenue and cash flows impacted by the COVID-19 pandemic.”
“Now more than ever, businesses are demanding flexible and cost-effective payment options. Our partnership with Finexio is another example of how Veem is responding to the needs of small and mid-size businesses,” said Marwan Forzley, CEO of Veem. “Veem is experiencing unprecedented demand for its services as back office finance professionals tighten up their payable and receivable processes to better control cash flow.”
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