The Veefin Group, a global leader in working capital technology solutions, has announced its foray into Sri Lanka through a strategic partnership with IWS Holdings, aiming to accelerate digital transformation across the country’s banking and financial services sector.
As part of the collaboration, Veefin will introduce its modular Working Capital Technology Platform, which offers solutions across supply chain finance, trade finance, digital lending, cash management, and more. The company will showcase its offerings at the Sri Lanka Fintech Summit in Colombo on September 24–25, 2025, where leading financial institutions are expected to engage with the platform.
“Sri Lanka’s banking and financial sectors are poised for digital acceleration. Our partnership with Veefin reflects our commitment to introducing cutting-edge global technology to Sri Lanka,” said Arthur Senanayake, Chairman of IWS Holdings.
Raja Debnath, Chairperson and Managing Director of the Veefin Group, noted that Sri Lanka has a significant financing gap, with over 40% of SMEs still unserved by formal institutions, despite MSMEs contributing more than 50% to the nation’s GDP. “We are introducing a platform that empowers banks and lenders to efficiently serve MSMEs and corporates with scalable, fully digital solutions,” he added.
Veefin has already established a presence across Asia, Africa, and the Middle East. In India, the company is working with the Ministry of Finance on launching PSBXchange, the world’s largest unified supply chain finance ecosystem, connecting lenders and borrowers on a single digital platform.
