Veem partners with Freightos to bolster B2B international payment experience

By Pavithra R

Veem, a leading provider of online payment solutions has partnered with Freightos, the online global freight booking platform.

Through the collaboration, Veem will become an available payments option on Freightos.com, offering users more ways to pay for international freight shipping.

“We’re thrilled to partner with Veem, as they have built an incredible payments experience catered to the needs of small and medium-sized businesses sourcing overseas. Given the massive uptick in small and medium-sized businesses shipping internationally during the COVID-19 pandemic, it’s the perfect time to complement our payment experience with Veem,” said Ruthie Amaru, CEO of Freightos.

The alliance comes at a time when demand for global sourcing and importing has rapidly accelerated for small business owners. The rise of e-commerce, particularly amid COVID-19 pandemic, helped drive an 83% increase in small businesses established in Q3 2020 and a 25% growth in e-commerce sales in the first 3 quarters of 2020. However, the 97% of US businesses that are SMB importers are limited by challenges when it comes to secure global payments and logistics.

“Our partnership with Freightos.com makes perfect sense. They make booking and shipping international freight easier, and we make digital payments easier. We’re excited to join forces and provide their customers with access to Veem’s digital payment capabilities,” said Marwan Forzley, CEO of Veem.

Founded in 2014, Veem is a global payments network built for businesses. It is revolutionized the way businesses pay and get paid around the world by empowering owners, accountants, and financial professionals to take control over their payment processes. The firm levels the playing field by providing enterprise-level financial tools and negotiating power to the SMBs who need it most.