Through this partnership, Veem will become an available payments option on Freightos.com, offering users more ways to pay for international freight shipping.

The partnership comes at a time when demand for global sourcing and importing has rapidly accelerated for small business owners. The rise of e-commerce, particularly during COVID, helped drive an 83% increase in small businesses established in Q3 2020 and a 25% growth in e-commerce sales in the first 3 quarters of 2020. However, the 97% of US businesses that are SMB importers are limited by challenges when it comes to secure global payments and logistics.

“We’re thrilled to partner with Veem, as they have built an incredible payments experience catered to the needs of small and medium-sized businesses sourcing overseas,” said Ruthie Amaru, CEO of Freightos. “Given the massive uptick in small and medium-sized businesses shipping internationally during the COVID-19 pandemic, it’s the perfect time to complement our payment experience with Veem.”

“Our partnership with Freightos.com makes perfect sense. They make booking and shipping international freight easier, and we make digital payments easier. We’re excited to join forces and provide their customers with access to Veem’s digital payment capabilities,” said Marwan Forzley, CEO of Veem.