What Veefin Solutions does

Veefin Solutions Limited is a Mumbai-headquartered, BSE-listed enterprise software company founded in 2020 that builds cloud-native, API-first platforms for supply chain finance, transaction banking, and digital lending, primarily serving banks, NBFCs, corporates, and government/development finance institutions across India, South Asia, Southeast Asia, West Africa, and the GCC. The core platform is organized into four integrated solution suites: (1) a Digital Lending stack covering Loan Origination, Loan Management, and Loan Collection systems; (2) a Transaction Banking stack covering Supply Chain Finance, Cash Management, and Trade Finance; (3) a Corporate Suite for AR/AP automation, collections, GST/VAT compliance, and business process management; and (4) an AI and Analytics layer (branded Walnut AI for GenAI workflows and a separate Fraud and Risk module). Architecture is low-code and fully configurable, with ISO 27001 and SOC 2 Type 2 certifications.

The company generates revenue primarily through SaaS subscriptions and enterprise platform licensing to financial institutions, supplemented by implementation and professional services. Its flagship distribution asset is PSB Xchange, a unified digital platform co-developed with PSB Alliance representing 12 Indian Public Sector Banks, targeting Rs 3 lakh crore in disbursements by 2030. Veefin has scaled via acquisition, integrating Nityo Tech (AI/ML for BFSI), EpikIndifi (digital lending), and several transaction banking and lending subsidiaries (GlobeTF, FinFuze, IDVee, VCPL) into a group structure. It reports $40B+ in cumulative disbursements facilitated across 500+ enterprise clients in 15+ countries, a 9M FY26 consolidated revenue of Rs 2,137.8 million (~Rs 2,850M annualized), and a Q3 FY26 standalone EBITDA margin of 58.25%, with a $61M enterprise sales pipeline spanning approximately 50 deals where 78% of pipeline value comes from non-supply-chain-finance solutions, indicating deliberate platform diversification beyond its SCF roots.

Name

Veefin Solutions

Legal name

Veefin Solutions Limited

Website

https://veefin.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

251–500 employees

Short description

Veefin Solutions Limited is a Mumbai-based, publicly listed enterprise software company that builds cloud-native platforms for supply chain finance, transaction banking, and digital lending, serving banks, NBFCs, corporates, and government institutions across 15+ countries.

Ownership category

akta.pro rank

Product category

Supply Chain Finance and Digital Lending Software

NAICS

Software Publishers (5132), Computer Systems Design and Related Services (5415), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Finance Services (6199)

akta.pro primary industry

Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)

akta.pro secondary industry

Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

Keywords

• Supply chain finance
• Digital lending platform
• Transaction banking
• Loan management system
• Working capital automation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscriptions: Veefin offers cloud-native SaaS platform solutions to banks, financial institutions, and corporates. The platform is sold as a subscription with configurable modules for digital lending, supply chain finance, cash management, and trade finance. The SaaS model provides predictable recurring revenue with automatic updates and no infrastructure overhead for clients.
2. Enterprise Platform Licensing: The company provides fully configurable enterprise platforms deployed for financial institutions to manage complex, multi-stakeholder financial programs. Revenue is generated through licensing of the platform to banks and NBFCs.
3. Implementation and Professional Services: Veefin provides implementation, system integration, and advisory services for deploying its platforms at financial institutions, contributing to overall revenue alongside software licensing.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Veefin Solutions provides a cloud-native, API-first enterprise software platform that enables banks, NBFCs, corporates, and government institutions to digitize and run supply chain finance, transaction banking, and digital lending programs. Its offering spans the full lending lifecycle—Loan Origination, Loan Management, and Loan Collection Systems—plus transaction banking modules (Supply Chain Finance, Cash Management, Trade Finance) and a Corporate Suite (AR/AP automation, Corporate Collections, GST/VAT compliance, Business Process Management), supported by Walnut AI (GenAI) and a Fraud & Risk platform.

Product overview

Veefin Solutions operates as an enterprise software technology company offering a platform-plus-modules architecture for banks, NBFCs, and regulated financial institutions. The core platform comprises four integrated solution suites: (1) Digital Lending Platform covering Loan Origination System, Loan Management System, and Loan Collection System for end-to-end lending automation; (2) Transaction Banking Platform with Supply Chain Finance, Cash Management, and Trade Finance modules; (3) Corporate Suite providing Account Receivables/Payables Automation, Corporate Collections, GST/VAT Compliance, and Business Process Management; and (4) AI & Analytics including Walnut AI (GenAI Solutions) and Fraud & Risk Solutions. Additionally, Veefin developed PSB Xchange, a government digital lending platform promoted by 12 Public Sector Banks. The company has expanded its portfolio through acquisitions including Nityo Tech (AI/ML solutions) and EpikIndifi (digital lending). The platforms support onboarding, underwriting, transaction execution, and lifecycle management in multi-party regulated environments, with API-first architecture enabling integration with core banking systems and ERP platforms.

Differentiator

Problem solved

Functional benefit

Brands

• PSB Xchange: Digital platform for onboarding, underwriting, and disbursement developed by Veefin and promoted by 12 Public Sector Banks for digital supply chain finance.
• Veefin Capital
• Veefin Fraud & Risk Solutions
• Walnut AI
• GlobeTF

Products and services

• Loan Origination System (LOS)
• Loan Management System (LMS) Loan Management System for servicing any loan product, managing loan accounts post-disbursement including repayments, modifications, and lifecycle events.
• Loan Collection System (LCS) Loan Collection System that transforms debt recovery with tailored strategies for every delinquency stage, including collection workflows, follow-ups, and recovery processes.
• Supply Chain Finance Platform Supply Chain Finance platform that enables banks to onboard anchors and counterparties with specialized SCF workflows for buyer-led, dealer/distributor, and reverse-factoring programs.
• Cash Management Cash Management module that helps corporates optimize working capital and drive treasury excellence, covering liquidity, payments, and cash position monitoring.
• Trade Finance Trade Finance module that orchestrates global trade finance operations, supporting letters of credit, guarantees, and documentary credit operations for banks.
• Account Receivables/Payables Automation End-to-end invoice lifecycle management for corporates, automating AR/AP processes and integrating with accounting/ERP systems.
• Corporate Collections Automated receivables management module for corporate customers, tracking and managing incoming payments and reconciliation.
• GST/VAT Compliance Platform Tax compliance automation platform for Indian and international GST/VAT filing and reconciliation across corporate suites.
• Business Process Management (Business Rules Engine) Business Process Management / Business Rules Engine that lets financial institutions configure any financial process without code, enabling workflow customization without developer intervention.
• Walnut AI (GenAI Solutions) GenAI solution providing custom AI workflows for financial institutions, including document processing, automated reporting, and AI-driven insights for banking and lending processes.
• Fraud & Risk Solutions AI-powered fraud and risk management platform that uses ML models to analyze transaction patterns, identify anomalies, and prevent fraudulent activity in real time across lending and transaction banking operations.
• PSB Xchange PSB Xchange is a digital platform developed by Veefin and promoted by 12 Public Sector Banks in India, providing one platform for onboarding, underwriting, and disbursement that enables banks to offer digital supply chain finance to eligible borrowers through standardized processes.
• EpikIndifi Digital Lending Platform Digital retail lending platform covering personal loans, green loans, BNPL, credit cards, mortgage, and SME loans; offered as part of the Veefin Group's lending portfolio.

Quantifiable outcome

• $40B+ in disbursements facilitated across the platform
• +5 more outcomes

Named customers19 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature13 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• NEDFi (North Eastern Development Finance Corporation Ltd.)coreStrategic or Co-development Partner · 12 May 2026NEDFi and Veefin signed a multi-year contract to deploy a cloud-hosted digital lending platform covering Loan Origination System, Loan Management System, Loan Collection System, and dedicated mobile applications. The platform integrates with credit bureaus and banking APIs to extend financial services to small borrowers in unserved areas across India's North Eastern Region.
• PSB Xchange / PSB AllianceflagshipStrategic or Co-development Partner · 6 January 2026PSB Xchange is a digital platform developed by Veefin and promoted by 12 Public Sector Banks, enabling a multi-lender framework for digital supply chain finance. The platform aims to disburse Rs 3 lakh crore in loans by 2030. Veefin appointed Sorabh Dhawan as CEO of PSB Xchange to lead the platform's growth.
• Bank of the Philippine IslandsminorChannel Partner/ Reseller/ Distributor · 1 December 2025Veefin entered the Philippines with its first international mandate from Bank of the Philippine Islands.
• Veefin NigeriacoreOthers · 16 November 2025Veefin Nigeria is a subsidiary of the Veefin Group, led by Miracle Nwankwo as CEO. The subsidiary processes over $6 billion annually and oversees Veefin's expansion in Nigeria and West Africa.
• IWS Holdings (Sri Lanka)minorChannel Partner/ Reseller/ Distributor · 23 September 2025Veefin partnered with IWS Holdings to introduce its Working Capital Technology Platform in Sri Lanka, targeting the banking and financial services sector. The move is part of Veefin's international expansion to address the credit gap among Sri Lankan SMEs.

Scale indicators15 records

Recent moves10 records

Expansion highlights8 records

Broad incumbents

• Temenos: Swiss-listed global banking software vendor with a broad digital lending and core banking portfolio serving retail, commercial, and transaction banking customers. Comparable in delivering end-to-end lending lifecycle software to banks, though much larger and with a wider product breadth than Veefin.
• Oracle Financial Services Software: Global incumbent offering transaction banking, lending, and analytics software to large banks; Veefin's CBO Parag Ekbote was previously in Oracle senior leadership. Competes broadly in the same enterprise bank transformation RFPs Veefin targets in India and emerging markets.
• Finastra: London-headquartered global financial software incumbent offering transaction banking, lending, and trade finance solutions to large banks worldwide. Overlaps with Veefin's transaction banking and supply chain finance modules but operates at much broader scale across multiple verticals.
• Infosys Finacle: Infosys's flagship banking software suite covering core banking, lending, payments, and wealth management. As an Indian-headquartered, broadly adopted banking platform, it is a relevant comparable for Veefin's enterprise bank transformation positioning, though considerably more established.
• TCS BaNCS: Tata Consultancy Services' banking platform suite covering core banking, lending, and transaction banking globally. Overlaps with Veefin's digital lending and SCF modules as a much larger Indian-headquartered incumbent frequently competing for the same Indian and global bank RFPs.

Direct peers

• Mambu: Berlin-headquartered cloud-native core banking and lending platform used by challenger banks, NBFCs, and fintechs globally. Comparable to Veefin's cloud-native, API-first, configurable LOS/LMS architecture, often competing for the same digital lending transformation RFPs.
• Thought Machine: UK-based cloud-native core banking platform serving global tier-1 banks with configurable, low-code lending and deposit products. Closely comparable to Veefin's low-code, fully configurable stack and API-first philosophy targeting complex multi-product bank environments.
• Intellect Design Arena: Chennai-based listed provider of transaction banking, digital lending, and supply chain finance software to global banks. Directly comparable in product scope (transaction banking suite) and customer base (large/commercial banks), and a senior Veefin lead (Parag Ekbote) previously led at Intellect Design Arena.
• Newgen Software Technologies: Indian listed software company providing digital lending, origination, and content management platforms to banks and financial institutions across India, GCC, and emerging markets. Directly comparable to Veefin in serving banks/NBFCs with configurable enterprise lending and process automation software.

Emerging players

• Perfios: Indian fintech providing data, analytics, and digital lending infrastructure (LOS, decisioning, fraud/risk) to banks, NBFCs, and fintechs. Highly relevant as a peer in the Indian digital lending platform category with overlapping AI-driven credit decisioning and risk product surface.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/VeefinSCF
• YouTubeyoutube.com/@veefinsolutions
• LinkedInlinkedin.com/company/veefin
• Facebookfacebook.com/veefinsolutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veefin Solutions