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Draft:Veefin Group

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  • Comment: Clearly promotional draft on a non-notable company. The editor has failed to demostrate notability multiple times, so rejection seems like the only outcome after resubmitting with no changes. NeoGaze (talk) 19:45, 4 April 2026 (UTC)
  • Comment: Despite the valiant WP:REFBOMBING, no evidence of notability whatsoever; the sources are just routine business reporting, which does not contribute towards WP:NCORP. DoubleGrazing (talk) 09:26, 29 August 2025 (UTC)

Veefin Group
TypePrivate
IndustryConglomerate
Founded2018
HeadquartersMumbai, India
Area served
Worldwide
Key people
Number of employees
1100 (2024)[4]
Websiteveefin.com

Veefin Group is an Indian financial technology conglomerate which was founded in 2018 and is headquartered in Mumbai, India.[5] The group provides technology products to banks, NBFC, financial and corporate companies.[6]

History

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It was founded by Raja Debnath and Gautam Udani in 2018.[5]

In Dec 2024, the group raised ₹136 crore (equivalent to ₹145 crore or US$15 million in 2026) from capital market investors for their growth, products scaling, and expansion.[7]

Acquisitions and investments

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In 2024, the company announced the acquisition of a Goods and Services Tax (GST) compliance and accounts automation company Regime Tax in June 2024.[8] The group acquired Nityo Tech Pvt Ltd, the Indian division of Singapore-based Nityo Infotech with an undisclosed amount in Aug 2024.[9] The group acquired digital lending company EpikIndifi in a cash and equity swap deal with a value of ₹125 crore (equivalent to ₹133 crore or US$14 million in 2026) in Sep 2024.[10] The group acquired its first international deal with Singapore-based GenAI company Walnut in an all-cash deal with purchasing a 50 per cent stake in Nov 2024.[11] Walnut company converts complex and huge amounts of unstructured data into razor-sharp insights by delivering it with speed and accuracy.[12]

In 2025, the group subsidiary Estorifi Solutions, has acquired Dubai-based TradeAssets company that provides a digital trading platform for trade finance assets in Feb 2025.[13] The group invested in a company White Rivers Media with an undisclosed amount. This will help company to expand its creative and media services in Feb 2025.[14]

Veefin Group companies

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  • Veefin - provides digital lending and Supply Chain Finance (SCF) products.[6]
  • Regime Tax – a GST compliance and accounts automation.
  • Nityo Infotech (India)[15]
  • EpikIndifi Software – a cloud-based loan origination platform for banks and financial institutions.[16]
  • Walnut (GenAI) – a data solutions tailored for banks and financial institution.[11]
  • Estorifi
  • White River Media

References

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  1. ↑ Online, ET (Feb 21, 2023). "Veefin crosses $12 billion in annualized disbursements in supply chain finance". The Economic Times. Retrieved 4 June 2025.
  2. ↑ "Veefin Group of Companies Raised INR 136 Crore to Expand Globally". Entrepreneur. Dec 19, 2024. Retrieved 4 June 2025.
  3. ↑ "Veefin Solutions appoints Parag Ekbote as CEO of GlobeTF & CBO of Group". Business Standard. Jul 30, 2024. Retrieved 4 June 2025.
  4. ↑ Soni, Sandeep (Sep 17, 2024). "Veefin makes third acquisition this year with digital lending platform EpikIndifi for Rs 125 crore". Financial Express. Retrieved 4 June 2025.
  5. 1 2 Basu, Sreeradha; Sarkar, Brinda (2024-12-19). "Companies fix WFO blues; it's not all work & no play for staff". The Economic Times. ISSN 0013-0389. Retrieved 2025-06-04.
  6. 1 2 Nagasundaram, Dhanya (2023-06-22). "Veefin Solutions IPO: Subscription status on Day 1 and other details". mint. Archived from the original on 2023-07-03. Retrieved 2025-06-04.
  7. ↑ "Veefin Group raises ₹136 cr in funding, aims further ₹155 cr in Fy25 for expansion". BusinessLine. 2024-12-19. Retrieved 2025-06-04.
  8. ↑ "Veefin makes third acquisition this year with digital lending platform EpikIndifi for Rs 125 crore". Financialexpress. 2024-09-17. Retrieved 2025-06-04.
  9. ↑ Ghosh, Anupama (2024-08-13). "Veefin expands digital banking footprint with Nityo Tech acquisition". BusinessLine. Retrieved 2025-06-04.
  10. ↑ Ghosh, Anupama (2024-09-17). "Veefin Group acquires EpikIndifi, expanding Digital lending footprint". BusinessLine. Retrieved 2025-06-04.
  11. 1 2 "Veefin buys Singapore's GenAI startup Walnut, its fourth acquisition this year". Financialexpress. 2024-11-05. Retrieved 2025-06-04.
  12. ↑ "Veefin Acquires Singapore-based GenAI Startup Walnut". BW Disrupt. Retrieved 2025-06-04.
  13. ↑ "Veefin Group Acquires TradeAssets to Expand Trade Finance Solutions". Entrepreneur. 2025-02-05. Retrieved 2025-06-04.
  14. ↑ "Veefin Group invests in White Rivers Media | Advertising". Campaign India. Retrieved 2025-06-04.
  15. ↑ "Veefin Group raises ₹136 cr in funding, aims further ₹155 cr in Fy25 for expansion". BusinessLine. 2024-12-19. Retrieved 2025-09-08.
  16. ↑ "Veefin Group Acquires Digital Lending Firm EpikIndifi for INR 125 Cr". Entrepreneur. 2024-09-17. Retrieved 2025-06-04.
[edit]

Official website