Veefin Solutions Limited was in focus on Thursday, August 21, after announcing a significant business update. The company informed exchanges that PSN Finance, part of the Cochin-based PSN Group, has onboarded Veefin to deploy its comprehensive suite of digital lending solutions, including its Loan Origination System (LOS), Loan Management System (LMS), and LOS–Ezee platform.
PSN Group, which has a turnover of over ₹1,500 crore, is primarily engaged in fleet management and automobile parts distribution across South India. Its NBFC arm had so far lent largely to employees but now intends to scale its credit operations. With Veefin’s digital solutions, PSN Finance plans to expand its loan book across its extensive dealership network and allied small businesses within its ecosystem.
This partnership underscores Veefin’s growing role as a trusted technology partner for non-banking finance companies (NBFCs) and lending institutions. The company said the move reinforces its mission to accelerate digital lending adoption across India.
The latest deal comes at a time when NBFCs are rapidly embracing technology to widen their reach and improve operational efficiency. Analysts note that such collaborations position Veefin strongly in the digital transformation wave sweeping India’s financial services sector. Investors will be watching closely to see how this development translates into new revenue streams and strengthens Veefin’s footprint in the competitive fintech landscape.
