Veem

“We have about 300,000 accounts on the platform. We're in a 110 countries. We have 70 plus currencies that we support.”

“We doubled the number of accounts pretty much every year. You know, we've been in existence and like every year, the number of accounts on the platform at least doubles.”

“Every month that that passes by 65% of new accounts come in from customers are on the platform.”

“We charge one percent on payments to a debit card. That's real time payments. Instantly, the money is deposited in your bank account. That's linked to your debit card. On paying with a card, we charge 2.9%.”

“About hundred and twenty million so far.”

“You can push up to six months. Oh, wow. You pay anywhere from about a percent to two percent a month on that schedule.”

“What's interesting is there's no subscription fee, there's no setup fee, there's no transaction fees on HTAs, checks, or debit cards. They're all for free. So we make money on what we call advanced features, which is credit cards, foreign exchange, and capital…”

“Yeah, they'll, they'll divvy up like maybe a third.”

“We are a regulated company, meaning we're licensed in every single state in the U.S., and we also have licenses in other parts of the world. So it took us like two, three years just Like legal compliance licensing.”

“We do billions annually.”

“Because if you look at where capital has scaled in the past, it's situations where it is embedded into something else. Payments is a natural.”

“It's SMBs. You're making, yeah, like, 20 bucks a month is a good you know good way to characterize it.”