Fintech - Money Transfer Platform Veem.com

For this month's podcast, your hosts Dave Erickson and Botond Seres talk with Marwan Forzley, CEO and co-founder of the Fintech company Veem.com. A company focused on automating accounts payables and receivables for businesses. 

Started with the intention of making business payments as simple as sending an email, Veem levels the playing field by providing enterprise-level payment tools to small businesses. With over 700,000 users, Veem is becoming a leader in the Fintech space.

Prior to Veem, Marwan founded and served as CEO of eBillme, an online payment solution that extended online banking to a merchant’s checkout process. 

After selling eBillme to Western Union, Marwan joined the Western Union’s digital team as General Manager, eCommerce, and Strategic Partnerships. 

With his extensive experience and expertise in eCommerce infrastructure, mobile payments, content delivery, and alternative payments, Marwan co-founded Align Commerce in 2014, and changed the name to Veem in 2017.

We talk with him about the history of Veem as well as where the Fintech and cross-board financial industry is heading.

During this podcast, we explore important questions about Veem.com and the Fintech industry, such as:

1:00 - What is Veem?

1:50 - What was the catalyst for creating Veem?

4:30 - How did you come up with the name Veem?

6:20 - Why are payment options so important?

7:37 - What are the mechanics of money transfer with Veem?

10:32 - What was the integration journey like for these platforms?

15:15 - What has been the biggest change to the business model since it started in 2014?

16:18 - How much of Veem’s development is influenced by customer feedback vs. Veem’s own roadmap?

18:40 - What is a typical example of a client?

20:50 - What are some of the current use cases for the platform?

22:06 - How does Crypto currency fit into money transfers?

24:30 - How do you use AI and machine learning to detect patterns in payments?

28:10 - How does Veem approach Customer service?

34:20 - What does the future of Fintech look like?

36:15 - Meshing of domestic and cross-border transactions.

39:28 - Keeping a SaaS up to date wih the latest API’s.

41:15 - Do you see a Veem bank in the future?

About Veem.com from their website:

Trusted by more than 700,000 businesses in over 100 countries, Veem is the market leader in automating accounts payables and receivables for businesses. Started with the intention of making business payments as simple as sending an email, Veem has revolutionized the way businesses pay and get paid around the world by empowering business owners, accountants, and finance professionals to take control of their payment processes. Veem levels the playing field by providing enterprise-level payment tools to small businesses. Designed with data security and privacy in mind, Veem adheres to strict compliance, privacy and data protection practices and holds all required federal and state licenses.

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.

If you have questions for our Podcast Hosts or Guest, you can reach them here:

Dave Erickson = https://www.linkedin.com/in/daveerickson1/

Botond Seres = https://www.linkedin.com/in/botondseres/

GUEST: Marwan Forzley = https://www.linkedin.com/in/marwanforzley/

To catch up with all our Podcasts, please go to = https://podcast.screamingbox.com/

You can find the video version of this Podcast here = https://youtu.be/6X_0sALKLsY