The company was originally incorporated as a private limited under the name ‘Veefin Solutions Private Limited’ under the provisions of The Companies Act, 2013 and certificate of incorporation was issued by the Registrar of Companies, Central Registration Centre, Manesar on October 14, 2020. Subsequently, The company has been converted into a public limited company and the name of the company changed to ‘Veefin Solutions Limited’ pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on May 05, 2023 and a fresh Certificate of incorporation dated May 15, 2023 has been issued by the Registrar of Companies, Mumbai.

The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital. It provides its product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are unique offering, which are designed with user-led approach, data and analytics, and built by experienced bankers for bankers.

Its SCF product and platform are highly flexible and can be promptly configured to meet the specific needs of its clients, without relying on third-party execution. Its cutting-edge technology products offer unmatched flexibility to its clients, facilitating quick and efficient configuration and implementation of its products. This empowers bankers and financial institutions to offer highly customised solutions to their clients, tailoring loan products both regular and transaction-based on their clients’ unique requirements. It is committed to deliver innovative and best-in-class Digital Lending and Supply Chain Finance technology solutions for its clients. It works with financial institutions globally to help them grow their business with its scalable technology solutions. The company offers a unique blend of technology, data analytics, and experienced bankers, making it the ideal partner for financial institutions looking to stay ahead of the curve.

Business area of the company

The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital.

Products of the company 

• End to End supply chain finance digital transformation practice
• ‘Veefin’ lending solution
• Deep tier supply chain financing

History and milestones 

• 2020: Incorporation of Company as Private Limited Company in the style ‘Veefin Solutions Private Limited’.
• 2020: Acquired the product business undertaking of M/s Infini Systems Private Limited, one of its group companies that deals with software products and services which includes a range of software products such as Supply Chain Finance Software, Loan Origination System, Loan Management System, Collection Management System, Sales CRM, Digital Tools for SME clients of banks, etc.
• 2021: Entered Software License Agreement with BRAC Bank Limited, Bangladesh through its subsidiary, Veefin Solutions Limited, Bangladesh.
• 2022: Entered Software License Agreement with Capri Global Capital Limited, Mumbai.
• 2022: Entered Software License Agreement with Eastern Bank Limited, Bangladesh through its subsidiary, Veefin Solutions Limited, Bangladesh.
• 2022: Entered Software License Agreement with Hero Fincorp Limited, Delhi.
• 2022: Entered Software License Agreement Indusind Bank Limited, Pune.
• 2022: Entered Software License Agreement with Visage Holdings and Finance Private Limited ‘Kinara Capital’, Bengaluru.
• 2022: Entered Software License Agreement with Riyadh Bank, Saudi Arabia.
• 2022: Entered Software License Agreement with Yes Bank Limited, Mumbai.
• 2022: Awarded as ‘Most Innovative Supply Chain Finance Solution’ at Fintech India Summit and Awards, 2022.
• 2022: Awarded as ‘Best Trade Finance Implementation - Best Program Governance’ at IBS Intelligence Global Fintech Innovation Awards, 2022.
• 2022: Recognized as Top 100 Emerging Startups Globally by TIE Global Summit.
• 2023: Awarded as The Economic Times Future Ready Organisations under the Start-up category.
• 2023: Entered a strategic partnership with 6 Sigma Financial Consultancy Ltd, Dubai.
• 2023: Conversion of the company from Private Limited to Public Limited Company by change of name from ‘Veefin Solutions Private Limited’ to ‘Veefin Solutions Limited’.