Veefin Group of Companies Raised INR 136 Crore to Expand Globally The company has also announced plans to raise an additional INR 155 crore in FY25 to accelerate the growth of its innovative product portfolio among others

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Veefin Group of Companies, which provides working capital solutions for banks, financial institutions, and corporates, has raised INR 136 crore (USD 16 million) in a funding round backed by capital market investors. The funds will be utilized to drive growth, scale the company's product offerings, and expand its presence globally.

Veefin has more than 500 clients, including notable names like DBS Bank, IBM, Jio Finance Limited, ExxonMobil, Yes Bank, PSB Alliance, and Riyad Bank. With an annual disbursement volume of USD 30 billion, the platform ranks among the highest in the industry.

The company has also announced plans to raise an additional INR 155 crore (USD 18 million) in FY25 to accelerate the growth of its innovative product portfolio, further strengthen its position as a working capital technology platform, and support business expansion across its newly acquired companies, including Regime Tax Solutions (Tax Genie), Epikinidifi (ezee.ai), Nityo Infotech's India arm, and Walnut.AI based in Singapore.

Commenting on the development, Gautam Udani, Co-Founder and COO of Veefin Group, highlighted the significance of this milestone and the trust of their investors, emphasizing the company's commitment to delivering cutting-edge digital transformation solutions for its domestic and international clients. "This marks a significant step in the Veefin Group's journey of innovation and growth. The trust and continued support from our investors reflect our proven track record of delivering state-of-the-art transformative solutions for banks, financial institutions and corporates. We will remain steadfast in our commitment to be the most trusted partner for digital transformation for our domestic and global clients," he added.

Also, the latest funding is expected to propel Veefin's growth and enhance its ability to support financial institutions and expand globally.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

By John Williams
Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

By Anantha Desikan
Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

By Tony Parinello
Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

By Sherin Shibu
Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.

By Athalia Monae