SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- Veem, one
of the leading providers of online payment solutions, today
announced its availability within the Q2 Innovation Studio
Marketplace, making its fee free global accounts receivables and
payables (AR/AP) automation platform pre-enabled to 450+ financial
institutions (FIs) on the Q2 digital banking platform. This
partnership with Q2 Holdings, Inc. (NYSE:QTWO), a leading provider
of digital transformation solutions for banking and lending,
enables Veem's payment and AR/AP solutions to be delivered directly
to FIs' customers and small businesses.
![(PRNewsfoto/Veem) (PRNewsfoto/Veem)](https://mma.prnewswire.com/media/1452017/Veem__Logo.jpg)
As businesses in under-penetrated payment industries continue to
rely on inefficient domestic and cross border options, digital
solutions are fast becoming a necessary and reliable tool for
small- and mid-sized businesses (SMBs) looking to compete in a
hypercompetitive economy. FIs will have the option to provide
approximately 1.5 million businesses on the Q2 platform access to
Veem's AR/AP services with integrated cross border and domestic
payment solutions, allowing more options to pay and get paid.
"This partnership with Veem gives our Financial Institutions the
ability to deliver Veem's modern payment services to SMB customers
with agility and reliability," said Johnny Ola, managing director,
Q2 Innovation Studio. "Businesses are looking for embedded
solutions that act as a one-stop-shop to conduct all their
day-to-day transactions. With our integration with Veem, we are
excited to give our financial institution customers the option to
offer small businesses innovative technology solutions."
The Q2 Innovation Studio is a portfolio of technologies and
programs that FIs and Q2 fintech partners can leverage to design,
develop and distribute innovative digital banking products,
services, and features. Through the Q2 Marketplace and Partner
Accelerator Programs, FIs can now select and deploy pre-integrated
apps fast, without investing in development and implementation
resources or the time-consuming evaluation process.
"Financial Institutions are looking for ways to add Invoice /
request functionality and modernize their payment processes," said
Marwan Forzley, CEO of Veem. "As our
economy moves to a more digital future, it's important that
financial institutions aid small business owners in their journey
with forward-thinking solutions. We are thrilled to be part of that
future and this partnership with Q2 to deliver, AR and AP products
to small- and medium-sized businesses, in both domestic and
cross-border settings."
For more information on Q2 Innovation Studio and Q2 Marketplace,
please visit: http://q2.com/innovation-studio
About Veem
Founded in 2014, Veem is an accounts
receivable ("AR") and accounts payable ("AP") automation provider
serving small and medium-sized businesses ("SMBs"). Veem offers a
wide variety of services, including invoice automation,
reconciliation, approvals, and B2B payments, enabling its customers
to seamlessly make and receive payments both domestically and
cross-border. Veem's client base includes over 400,000 customers
located in 110+ countries. Veem is supported by an impressive list
of financial and strategic equity investors, including but not
limited to, Kleiner Perkins, Google
Ventures, REPAY and Truist Ventures.
About Q2 Holdings, Inc.
Q2 is a financial experience
company dedicated to providing digital banking and lending
solutions to banks, credit unions, alternative finance, and fintech
companies in the U.S. and internationally. With comprehensive
end-to-end solution sets, Q2 enables its partners to provide
cohesive, secure, data-driven experiences to every account holder –
from consumer to small business and corporate. Headquartered
in Austin, Texas, Q2 has offices
worldwide and is publicly traded on the NYSE under the stock symbol
QTWO. To learn more, please visit Q2.com.
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SOURCE Veem