Muthoot FinCorp signs Veefin Solutions Ltd to supply finance operations

Under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Muthoot Fincorp appoints Veefin Solutions Ltd to begin their supply chain finance operations in the country.

Muthoot FinCorp signs Veefin Solutions Ltd to supply finance operations

Muthoot FinCorp, one of India’s leading Non-Banking Finance Companies (NBFCs) with close to over 3600 branches has onboarded Veefin Solutions as their technology partner to begin their Supply Chain Finance (SCF) operations in the country taking yet another step towards the endeavor of empowering its branches across India. Through this integration, Muthoot Fincorp will deploy Veefin’s global first, end-to-end stack across all SCF products.

 

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Veefin will empower Muthoot FinCorp by offering its comprehensive suite of Supply Chain Finance (SCF) solutions. This includes onboarding suppliers and vendors, underwriting their loans on the Loan Origination Solution (LOS), and managing transactions on the Loan Management Solution (LMS).

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About Veefin Solutions Limited: Veefin Solutions Limited (Veefin) is a global leader in Digital Supply Chain Finance. Listed on BSE SME, the company is reimagining Supply Chain Finance & Digital Lending through innovative, agile & scalable technology.

Veefin builds white-labeled Supply Chain Finance and Lending solutions including end-to-end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics, and Omni-channel Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporations. Incorporated in 2020, Veefin is headquartered in Mumbai with offices in Dhaka (Bangladesh), Ahmedabad & Dubai.

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