The founders and the product
Sabba Keynejad and Tim Mamedov met at an online hackathon, began building a video editing tool in 2018, and used personal savings to start the company.
A UK-based, AI-powered online video creation platform for creators, entrepreneurs, and businesses. VEED helps people create online videos with editing, templates, and AI-assisted workflows, then sells the product as a subscription service.
How the company sells the AI product
The team connected a useful free video workflow to subscription tiers, global payments, renewals, and payment-recovery operations.
The figures are reported by Stripe in its customer case study. They distinguish annual recurring revenue, paying subscribers, and recovered failed payments; none is founder profit.
What the public record shows
The case says that VEED had 35,000 active monthly users growing by about 60% each month within a year, but the product was still free. After Y Combinator questioned the lack of revenue, the founders ran a 48-hour monetization sprint. Stripe says the company reached $1 million in annual recurring revenue in less than a year after integrating Billing. The page overview says VEED later surpassed $45 million in ARR, while the results section says that by June 2025 it had exceeded $40 million in ARR from nearly 200,000 paying subscribers.
The same page reports $1.8 million in recovered failed payments over one year. These are separate company metrics, not audited personal profit. Public materials do not establish that VEED uses APIToken.
The reported milestone
Stripe reports that VEED reached $1 million in annual recurring revenue in less than a year after integrating Billing. The page overview says the company later surpassed $45 million in ARR; its results section says that by June 2025 it had exceeded $40 million in ARR with nearly 200,000 paying subscribers. The case also reports $1.8 million in recovered payments in one year.
The numerical claims in this article come from the Stripe customer case study cited below.
Platform context
APIToken（https://apitoken.company/） provides a compatible API, isolated project keys, public status, usage records, and budget controls for AI application work.
The cited material does not state that VEED uses APIToken（https://apitoken.company/）.