The Veefin Group of Companies has recently informed exchanges of its first international acquisition, acquiring a 50% stake in Singapore-based GenAI company Walnut in an all-cash deal. This is Veefin Group’s fourth acquisition this year, as the firm aims to become the leading Global Working Capital Finance Platform.
With the acquisition, Walnut’s GenAI capabilities will assist Veefin Group in empowering its clients in corporate and banking to turn complicated and massive amounts of unstructured data into razor-sharp insights delivered quickly and accurately. The product offering will considerably help credit decision-making as Veefin Group builds tech-first solutions for working capital management. Walnut will continue to function independently following the acquisition.
