Veefin Solutions Unites Subsidiaries to Build Global Working Capital Platform

In a strategic move announced on August 7, Veefin Solutions Limited, listed on the BSE as VEEFIN, revealed plans to consolidate its subsidiaries, Estorifi Solutions Limited and GlobeTF Solutions Limited, into its operations. The merger aims to create a single, cohesive entity that will solidify Veefin's role in the global working capital technology domain.

This consolidation marks a pivotal step in Veefin's trajectory towards building the most comprehensive scalable working capital technology platform available today. By bringing the core verticals of embedded finance, trade finance, digital lending, and cash management under one roof, the company expects to deliver integrated financial solutions with enhanced efficiency.

Leaders at Veefin anticipate that the unified platform will not only streamline operations but also provide a robust framework for innovation and market growth. Mr. Raja Debnath, Chairman & Managing Director, expressed that this merger represents a "natural progression" towards a global working capital ecosystem, while COO Mr. Gautam Udani highlighted the potential for faster innovation and an enriched client experience.

(With inputs from agencies.)