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)
