The Veefin Group of Companies, a global leader in working capital technology solutions, announced that it has successfully raised ₹136 crore (~$11.5 million) in its latest funding round. The funds were secured from capital market investors and will be utilized for scaling product development, accelerating global expansion, and fueling innovation across its product offerings.
The Mumbai-based firm also revealed plans to raise an additional ₹155 crore (~$13 million) in FY25. This forthcoming round aims to enhance its position as a premier provider of working capital technology platforms and drive growth in its recently acquired businesses, including Regime Tax Solutions (Tax Genie), Epikinidifi (ezee.ai), Nityo Infotech (India arm), and Walnut.AI, a Singapore-based firm.
Strategic Goals and Growth
Gautam Udani, Co-Founder and COO of the Veefin Group, stated, “This funding milestone signifies a pivotal moment for our journey. It reflects the trust of our investors in our ability to deliver cutting-edge solutions for banks, financial institutions, and corporates. We remain committed to enabling digital transformation for our clients worldwide.”
The funds will support Veefin’s mission to become the world’s leading working capital technology platform. The company focuses on end-to-end digital supply chain finance, automated accounts receivable (AR) and payable (AP) systems, debt securitization, and cash management. Veefin also provides white-labeled digital lending solutions tailored for banks, financial institutions, and B2B marketplaces.
Global Footprint and Client Base
With over 500 clients, including marquee names like DBS Bank, IBM, Jio Finance Limited, and Yes Bank, Veefin has processed annual disbursements exceeding $30 billion on its platform. The group operates out of its headquarters in Mumbai and has offices in Ahmedabad, Dhaka, and Dubai.
