Is Veem profitable in 2026?

Veem does not disclose profitability. Third party estimates put 2024 revenue anywhere from 43.9M to 80.6M depending on source (Latka, ZoomInfo), a wide spread that signals no audited financials are public as of July 2026.

Is Veem still growing or has it stalled?

Headcount has stayed roughly flat, around 108 to 121 employees between November 2024 and June 2026 per Crustdata, which gave it a growth score of just 21 out of 100 as of June 2026, suggesting stalled expansion.

Who owns Veem and is it publicly traded?

Veem is privately held, not publicly traded, per ZoomInfo as of July 6, 2026. It has raised roughly 94 to 101 million dollars across rounds since 2014, with REPAY Holdings (NASDAQ: RPAY) taking a minority stake in September 2021.

Could AI replace Veem's payments platform?

Not easily. Veem's money transmission licenses, KYC/AML compliance infrastructure, banking rail relationships, and accounting integrations (QuickBooks, Xero, NetSuite) form a regulatory moat that a generic AI model cannot replicate without itself becoming a licensed money transmitter.

Who is Veem's biggest competitor?

Wise Business, Airwallex, and Payoneer are Veem's closest rivals in SMB cross-border payments. Airwallex reportedly serves over 150,000 businesses and has processed over 150 billion dollars, dwarfing Veem's estimated 1.1 to 1.5 million users as of mid-2026.

Has Veem raised new funding recently?

Funding data is murky. Forge lists a 6.82 million dollar Series C-3 round in March 2025 at a 227.8 million dollar post money valuation, while Caplight lists total cumulative funding of only 62.5 million dollars with a grant in July 2025, an unresolved discrepancy as of April 2026.

Payments companies · Australia

Veem

veem.com ↗

Veem runs a cross border B2B payments platform built for small business wire transfers.

Protection under test

Assessed 21 July 2026 · Evidence as of 21 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 21 July 2026 · Checkable from Q1 2027 · Every call on the record Checkpoint: Disclosure of a new funding round or acquisition deal

The call

Veem still moves money across borders for small businesses, but bigger rivals with the same rulebook are growing faster while Veem's headcount and funding stay still.

Veem helps small companies send and receive money internationally. It has licenses and banking connections that are hard to get, which protects it from startups that want to jump in. But Airwallex, Payoneer, and Wise have the same protections and are growing faster with more money behind them. The company has stayed around 116 employees since 2020 while competitors scale up and take customers. Most likely, Veem gets bought by a larger company rather than becoming independent and huge on its own.

Why

AI pressure: Stripe (via Bridge stablecoin rails). AI powered treasury tools inside larger platforms could route small business payments before Veem ever sees the transaction. Could AI do the core job? Only partly.

Bigger players: Airwallex, Wise Business, Payoneer. Better funded rivals with the same licenses are scaling faster and pulling small business volume away from Veem. Could a giant copy it? Probably.

What protects it. Money transmission licenses and existing accounting software integrations make switching costly for current users.

What would change this call

Veem announces a disclosed primary funding round or acquisition within 6-12 months. Would show whether Veem can raise fresh capital or is being absorbed by a larger player.
Veem headcount stays flat or declines below current ~116 employees over the next year. Would confirm stagnation versus growing peers like Airwallex and Wise.
Veem discloses revenue or partner volume figures from Bridge, Visa, or Rain stablecoin partnerships. Would indicate whether new product bets are generating real scale.

Key numbers

Headcount roughly 116, flat since 2020 (2026-06-20)
Revenue estimated $44M to $81M, undisclosed (2026-07-06)
Total funding raised near $94M to $101M (2024-11-29)

Named risks

Flat headcount near 108 to 121 employees since 2020 signals stalled growth and possible acquisition target status. Severity: high
Conflicting funding and valuation data across trackers (62.5M vs 227.8M post-money) suggests lack of transparent primary financing. Severity: medium
Larger, better capitalized peers (Airwallex, Wise, Payoneer/Nuvei) are outscaling Veem in the identical licensed SMB cross-border segment. Severity: high
New stablecoin product USDV (Apr 2026) faces uncertain future US and global stablecoin regulation. Severity: medium
AI-agent payment tools like MoonPay's MoonAgents Card (May 2026) could automate workflows Veem currently monetizes. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Airwallex	losing to	150,000+ businesses served and 150B+ processed (vendor-claimed) vs Veem's 1.1 to 1.5M users, as of Jun 2026
Payoneer	losing to	Acquired by Nuvei for approximately 2.75B dollars, signaling scale gap vs Veem, reported Jun 2026
Wise Business	losing to	Listed among top scaled alternatives to Veem in cross-border SMB payments, Jun 2026
Stripe (via Bridge)	contesting	Veem partners with Bridge (Stripe) for stablecoin accounts Apr 2026, but Stripe could disintermediate directly
Revolut Business	gaining on	Named as direct peer fintech scaling in same SMB cross-border segment as of 2026

Questions people ask

Is Veem profitable in 2026?: Veem does not disclose profitability. Third party estimates put 2024 revenue anywhere from 43.9M to 80.6M depending on source (Latka, ZoomInfo), a wide spread that signals no audited financials are public as of July 2026.
Is Veem still growing or has it stalled?: Headcount has stayed roughly flat, around 108 to 121 employees between November 2024 and June 2026 per Crustdata, which gave it a growth score of just 21 out of 100 as of June 2026, suggesting stalled expansion.
Who owns Veem and is it publicly traded?: Veem is privately held, not publicly traded, per ZoomInfo as of July 6, 2026. It has raised roughly 94 to 101 million dollars across rounds since 2014, with REPAY Holdings (NASDAQ: RPAY) taking a minority stake in September 2021.
Could AI replace Veem's payments platform?: Not easily. Veem's money transmission licenses, KYC/AML compliance infrastructure, banking rail relationships, and accounting integrations (QuickBooks, Xero, NetSuite) form a regulatory moat that a generic AI model cannot replicate without itself becoming a licensed money transmitter.
Who is Veem's biggest competitor?: Wise Business, Airwallex, and Payoneer are Veem's closest rivals in SMB cross-border payments. Airwallex reportedly serves over 150,000 businesses and has processed over 150 billion dollars, dwarfing Veem's estimated 1.1 to 1.5 million users as of mid-2026.
Has Veem raised new funding recently?: Funding data is murky. Forge lists a 6.82 million dollar Series C-3 round in March 2025 at a 227.8 million dollar post money valuation, while Caplight lists total cumulative funding of only 62.5 million dollars with a grant in July 2025, an unresolved discrepancy as of April 2026.

Timeline

2026-06-16Veem expands virtual card program with stablecoin support via Rain partnership, 200+ countries
2026-04-22Veem launches stablecoin accounts and USDV digital dollar powered by Bridge (Stripe)
2026-03Veem expands Visa partnership for global virtual accounts in US, Canada, UK, Europe
2025-07-25Caplight records a grant as Veem's last tracked funding event, cumulative funding 62.5M
2025-04-24Veem partners with LianLian Global on cross-border payment solutions
2025-03Forge lists a 6.82M Series C-3 round at approximately 227.8M post-money valuation
2021-09-23REPAY Holdings (NASDAQ: RPAY) makes minority equity investment in Veem
2020-09Veem raises approximately 31M Series C/D led by Truist Ventures
2018Veem raises 25M round led by Goldman Sachs
2017-03Veem raises 24M Series B led by National Australia Bank Ventures

Revision history

21 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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