Veefin has made the acquisition through its subsidiary Estorifi Solutions
The acquisition will help the group to enhance its collaboration with banks and create cross-selling opportunities for TradeAssets clientele
Supply chain financing is a trade asset tool which helps companies to improve their cash flow management and working capital
Mumbai-based Veefin Group has made a strategic acquisition of Dubai-based TradeAssets through its subsidiary Estorifi Solutions. The fifth buyout in the last eight months will help the SaaS-based Indian fintech to become a one-stop-solution in the supply chain financing space.
According to a company statement, the acquisition will help the group to enhance its collaboration with banks and create cross-selling opportunities for TradeAssets clientele.
Founded in 2020, Veefin Group is a BSE SME-listed company which automates supply chain financing and digital lending solutions for its customers. It caters to a diverse base of clientele from banks, financial institutions, fintech firms, B2B marketplaces, and large corporations.
Supply chain financing is a trade asset tool which helps companies to improve their cash flow management and working capital.
(The story will be updated soon)
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
