Goldman backs blockchain-based cross-border payments startup Veem

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U.S.-based banking giant Goldman Sachs has invested in blockchain payments startup Veem in a $25 million strategic funding round, joined by Google Ventures.

With contributors like Silicon Valley Bank, Extol Capital, Trend Forward Capital, Kleiner Perkins, and Pantera Capital, the bitcoin startup looks to rival the multi-trillion dollar SMB cross-border payments market.

Marwan Forzley, CEO, Veem, says: “We’re thrilled to have Goldman Sachs lead our investment round. This funding will help us expand our footprint, increase our distribution and form new strategic partnerships.”

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