The project, that utilizes digital ledger technology to increase the efficiency of small business payments, also received funding from GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Kleiner Perkins, and Pantera Capital. Goldman Sachs managing director Rana Yared, will sit on Veem’s board as a non-voting observer. Veem plans to develop new partner integrations, as well as “rely on increased automation, including built-in anti-money-laundering and know-your-customer compliance.