International B2B payments startup Veem has announced the launch of its rewards program seeking to expand its network services and customer loyalty.

Celebrating reaching 100,000 customers in over 90 countries, ‘VeemRewards’ is a new initiative that grants businesses cashback and further rewards for managing their business payments through Veem systems.

Founded in 2014, Veem enables users to send and receive payments in local currency through their ‘multi-rail technology’ platform, delivering users optimal transactional speed combined with numerous cost savings.

Veem client, Stuart Rosenfeld founder of Indow Windows, speaks highly of the unique approach to international business payments, describing Veem functions as “game-changing”.

He said: “Veem Rewards have helped us move our customers along the path to digital payments, allowing us to streamline our receivables.

“By depositing our VeemRewards, we’ve been able to offset our banking costs and reduce our overall customer transaction costs. We’ve never seen a program like this for international business payments.”

Veem state their mission is to revolutionise the financial payment industry using technologies such as blockchain and build a new user-centric financial ecosystem that services global businesses in their international endeavours.

“International bank wire technology hasn’t been updated since the 1970s, small businesses deserve a better user experience, less expensive payment processing, and efficient systems,” said Marwan Forzley, Veem Founder and CEO.

“We’re disrupting outdated bank wires and slow international payments with our payments platform and VeemRewards is the next stage of that disruption.”

Last year, Veem featured on CNBC’s annual ‘Upstart 100’ list which comprises of 100 promising start-ups to look out for based on eight quantitative metrics, including scalability, sales growth and user/customer growth.