Veefin Solutions Limited has announced that the State Bank of India (SBI) has signed up for PSBXchange, the world’s largest unified Supply Chain Finance (SCF) platform, which is developed and powered by Veefin. The announcement was made in the company’s stock exchange filing on July 1, 2025.
PSBXchange, managed by PSB Alliance, aims to serve as a common technology bridge for all banks and NBFCs in India to source and offer supply chain finance and small business loans.
According to Veefin, the platform represents a global-first model, connecting fintechs, B2B marketplaces, accounting service providers, and new-age data providers directly with the core banking systems of multiple lenders.
The company highlighted that this collaboration marks a significant milestone in enhancing financial inclusion for MSMEs across the country.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
