
About Veefin
Veefin is a publicly listed company based in Mumbai (India) founded in 2020 by Raja Debnath and Gautam Udani. SaaS-based supply chain financing solutions are delivered globally. It operates in the Financial Services and Technology sectors. Veefin has raised $3 million across 2 funding rounds from investors including Rajesh Rajendran. The company has 255 employees. Veefin has completed 2 acquisitions, including TradeAssets and ezee.ai. Its chief executive, as recorded, is Shantanu Bairagi. Its Indian entity Veefin Solutions Limited reported revenue of βΉ352 Cr. Veefin offers products and services including Loan Origination System, Loan Management System, SCF LMS, Embedded Finance Stack, and Collections Management System. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Vayana, CreditNirvana and FinBox; 3 of its 3 listed competitors have raised funding.
Company details
Veefin was founded in 2020 in Mumbai, India, as a provider of SaaS platforms focused on supply chain finance. White-labeled technology is offered to financial institutions, fintech firms, B2B marketplaces, and corporates worldwide. Services include anchor, vendor, and dealer onboarding, along with credit underwriting and transaction management for various SCF products. Operations emphasize full-stack solutions in the fintech sector.
- Headquarters Mumbai, India
- Employees 255
- Founders Raja Debnath, Gautam Udani
- Stage Public
- SectorsFinancial ServicesTechnology
- Phoneβ’β’β’β’ β’β’β’β’
- Website veefin.com
- Social LinkedIn X Facebook
- Legal Name Veefin Solutions Ltd.
- Market Cap₹606 Cr
VEEFIN · BSE
- Share Price₹245.00
+3.22% today
- Revenue₹345 Cr
FY 2025-26 · +339.1% YoY
- EBITDA₹75.16 Cr
Margin 21.8%
- Net Profit₹22.79 Cr
FY 2025-26 · +74.0% YoY
- P/E (TTM)18.6x
P/B 1.0x
- ROE6.1%
ROCE 11.0%
- Debt / Equity0.11
Interest cover 21.3x
- Total Equity Funding$3M (USD)
in 2 rounds
- Latest Funding Round$16.01M (USD), Post-IPO
Dec 2024
- Employee Count255
- Investments & AcquisitionsTradeAssets
& 1 more
Associated legal entities of Veefin
Veefin operates through Veefin Solutions Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Veefin Solutions Limited Listed CIN L72900MH2020PLC347893 | Active | 14 Oct 2020 | Mumbai, Maharashtra | ₹352 Cr | 124 | 12 | View details |
Products & Services of Veefin
Veefin offers a comprehensive portfolio of products and services, including Loan Origination System, Loan Management System, SCF LMS, Embedded Finance Stack, and Collections Management System.
Automates loan application and approval processes for financial institutions.
Manages loan tracking and repayments to streamline financial operations.
Handles invoice financing and transaction management for businesses.
Integrates lending tools into existing systems for enhanced functionality.
Automates delinquency strategies and notifications for loan recovery.
Funding Insights of Veefin
Veefin has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16.01 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 2
- Last Round Post-IPO β $16.01M
- First Round $3M
(Dec 2021)
- Investors Count 1
All 2 funding rounds of Veefin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $16.01M | Post-IPO | β | β | β |
| Dec 2021 | $3M | Series A | β | Rajesh Rajendran | β |
1 investors in total: 0 institutional and 1 angel.
Investors in Veefin
Veefin has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Rajesh Rajendran.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RR Rajesh Rajendran | unknown_09f2de19b0514c37a |
Investor details for Veefin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Veefin Solutions Limited (Veefin)
Veefin Solutions Limited is the primary company behind Veefin. The board of Veefin Solutions Limited currently have 10 directors; the longest-serving is Gautam Vijay Udani, appointed in 2020. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gautam Vijay Udani DIN 03081749 | Whole-time director | 14 Oct 2020 | 6 yrs | Veefin Solutions Limited |
| Raja Debnath DIN 07658567 | Managing Director | 14 Oct 2020 | 6 yrs | Veefin Solutions Limited |
| Ajay Rajendran DIN 03565312 | Director | 17 Dec 2020 | 5 yrs 10 mo | Veefin Solutions Limited |
| Deepti Sharma DIN 10042713 | Director | 16 Mar 2023 | 3 yrs 7 mo | Veefin Solutions Limited |
| Afzal Mohammed Modak DIN 02920914 | Director | 06 Nov 2023 | 3 yrs | Veefin Solutions Limited |
| Gourav Saraf DIN 08204851 | Director | 26 Aug 2024 | 2 yrs 2 mo | Veefin Solutions Limited |
| Bhavesh Shamji Chheda DIN 08216993 | Director | 26 Aug 2024 | 2 yrs 2 mo | Veefin Solutions Limited |
| Matthew Simon Gamser DIN 10726531 | Director | 26 Aug 2024 | 2 yrs 2 mo | Veefin Solutions Limited |
| Amit Futarmal Jain DIN 00244509 | Director | 15 Oct 2025 | 1 yr | Veefin Solutions Limited |
| Jimish Prakash Dedhia DIN 11406816 | Director | 03 Dec 2025 | 11 mo | Veefin Solutions Limited |
People of Veefin
20 people are tracked at Veefin (15 in leadership, 5 in team); the tracked headcount is 255.
| Name | Role | Group |
|---|---|---|
| Co-Founder & MD | Leadership | |
| Co-Founder & COO | Leadership | |
| CEO | Leadership | |
Jigar Shah | Chief Staff Officer | Leadership |
Sagar R Mahajan | Chief Delivery Officer (cdo) | Leadership |
Sreejith Nair | Director Growth Strategy | Leadership |
Ruchita Doshi Udani | Head Digital Marketing | Leadership |
Chintan Lad | Delivery Head | Leadership |
Ullas P. | Director - Global Partnerships | Leadership |
Akash Munjal | Senior Director - Growth | Leadership |
Yusuf Rangwala | Head-cash And Trade | Leadership |
Gitesh Karnik | Chief Human Resources Officer | Leadership |
Jenish Shah | Chief Quality Officer | Leadership |
Payal Maisheri | Chief Financial Officer | Leadership |
Moumita Chakraborty | Director, Growth | Leadership |
Kruti Shah | HR Manager | Team |
Nida Q. | Project Manager | Team |
Infini Hr | HR Manager | Team |
Yashovardhan Shah | Investor | Team |
Sejal Gandhi | Growth Manager | Team |
Complete people profiles for Veefin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Veefin
Veefin is a publicly listed company on the BSE with ticker symbol VEEFIN in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 Jul 2023
- Listed onBSE: 543931 · NSE: VEEFIN
- Listed entityVeefin Solutions Ltd.
- Exchange sectorTechnology services
- ISININE0Q0M01015
- Share price₹227.00 (-1.05% on the day) · 2026-10-14
- Market capitalisation₹586 Cr
- Price to earnings54.4
- Volume (last session)26,600
Financials of Veefin
Exchange-reported figures of Veefin Solutions Limited, the listed company behind Veefin (BSE: VEEFIN).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 345 | 78.60 | 24.97 | 14.08 | 6.55 |
| Revenue growth | +339.1% | +214.8% | +77.3% | +115.0% | - |
| EBITDA | 75.16 | 24.45 | 10.86 | 5.20 | 1.10 |
| EBITDA margin | +21.8% | +31.1% | +43.5% | +36.9% | +16.8% |
| Profit before tax | 52.20 | 20.51 | 9.66 | 5.32 | 0.91 |
| Net profit | 22.79 | 13.10 | 7.40 | 4.27 | 0.91 |
| Net profit margin | +6.6% | +16.7% | +29.6% | +30.3% | +13.9% |
| EPS (βΉ) | 8.82 | 5.88 | 3.28 | 2.33 | 736.53 |
| Balance sheet | |||||
| Total assets | 824 | 484 | 133 | 45.58 | 13.00 |
| Net worth | 597 | 450 | 124 | 44.04 | 9.41 |
| Total debt | 101 | 12.72 | 5.37 | 0.87 | 3.58 |
| Cash & bank | 15.24 | 43.00 | 31.50 | 1.00 | 0.40 |
| Net working capital | 40.68 | 80.73 | 39.34 | 5.19 | (1.54) |
| Cash flow | |||||
| Cash from operations | 76.95 | (2.78) | 7.57 | (0.45) | 0.19 |
| Cash from investing | (339) | (273) | (44.71) | (24.45) | (6.07) |
| Cash from financing | 235 | 287 | 67.64 | 25.51 | 6.26 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 125 | 114 | 131 | 104 |
| Other income | 1.08 | 0.71 | 5.26 | 0.63 |
| EBITDA | 36.70 | 24.12 | 34.32 | 20.70 |
| EBITDA margin | +29.4% | +21.1% | +26.1% | +20.0% |
| Depreciation | 7.15 | 7.31 | 6.40 | 4.45 |
| Interest | 7.75 | 5.04 | 3.97 | 4.29 |
| Profit before tax | 22.88 | 12.48 | 29.21 | 12.59 |
| Tax | 7.55 | 2.94 | 13.23 | 4.83 |
| Net profit | 15.33 | 9.54 | 15.98 | 7.76 |
| EPS (βΉ) | 3.32 | 2.56 | 3.10 | 2.80 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 70.74 | 37.32 | 20.76 | 13.04 | 6.19 | 0.76 |
| Revenue growth | +89.6% | +79.8% | +59.2% | +110.7% | +714.5% | - |
| EBITDA | 38.12 | 17.09 | 9.08 | 4.69 | 0.74 | 0.09 |
| EBITDA margin | +53.9% | +45.8% | +43.7% | +36.0% | +12.0% | +11.8% |
| Profit before tax | 26.18 | 14.05 | 7.91 | 4.84 | 0.55 | 0.07 |
| Net profit | 18.21 | 11.15 | 5.64 | 3.79 | 0.55 | 0.07 |
| Net profit margin | +25.7% | +29.9% | +27.2% | +29.1% | +8.9% | +9.2% |
| EPS (βΉ) | 7.04 | 4.90 | 2.50 | 2.06 | 446.77 | 119.25 |
| Balance sheet | ||||||
| Total assets | 303 | 185 | 130 | 44.67 | 12.64 | 5.70 |
| Net worth | 252 | 155 | 122 | 43.28 | 9.06 | 0.96 |
| Total debt | 48.00 | 28.09 | 6.60 | 0.73 | 3.58 | 4.74 |
| Cash & bank | 1.52 | 6.67 | 31.05 | 0.83 | 0.02 | 0.02 |
| Net working capital | (17.42) | 25.83 | 38.25 | 4.96 | (1.95) | (2.86) |
| Cash flow | ||||||
| Cash from operations | 77.45 | 7.89 | 5.71 | (0.83) | (0.25) | 1.00 |
| Cash from investing | (162) | (52.72) | (43.44) | (23.72) | (6.10) | (6.53) |
| Cash from financing | 79.29 | 20.45 | 67.95 | 25.37 | 6.34 | 5.55 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 25.86 | 23.33 | 24.17 | 20.19 |
| Other income | 2.53 | 1.73 | 1.49 | 0.94 |
| Total expenses | 11.89 | 10.09 | 10.38 | 8.42 |
| EBITDA | 13.97 | 13.24 | 13.79 | 11.77 |
| EBITDA margin | +54.0% | +56.8% | +57.1% | +58.3% |
| Depreciation | 3.74 | 3.78 | 4.00 | 1.68 |
| Interest | 3.92 | 1.93 | 2.07 | 1.93 |
| Profit before tax | 8.84 | 9.26 | 9.21 | 9.10 |
| Tax | 1.85 | 2.27 | 3.46 | 3.08 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 125 | 114 | 131 | 104 |
| Other income | 1.08 | 0.71 | 5.26 | 0.63 |
| EBITDA | 36.70 | 24.12 | 34.32 | 20.70 |
| EBITDA margin | +29.4% | +21.1% | +26.1% | +20.0% |
| Depreciation | 7.15 | 7.31 | 6.40 | 4.45 |
| Interest | 7.75 | 5.04 | 3.97 | 4.29 |
| Profit before tax | 22.88 | 12.48 | 29.21 | 12.59 |
| Tax | 7.55 | 2.94 | 13.23 | 4.83 |
| Net profit | 15.33 | 9.54 | 15.98 | 7.76 |
| EPS (βΉ) | 3.32 | 2.56 | 3.10 | 2.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 345 | 78.60 | 24.97 | 14.08 | 6.55 |
| Revenue growth | +339.1% | +214.8% | +77.3% | +115.0% | - |
| Other income | 7.16 | 1.85 | 0.02 | 0.40 | 0.00 |
| Total expenses | 270 | 54.15 | 14.11 | 8.88 | 5.45 |
| Employee cost | 0.00 | 27.39 | 6.15 | 5.06 | 1.98 |
| EBITDA | 75.16 | 24.45 | 10.86 | 5.20 | 1.10 |
| EBITDA margin | +21.8% | +31.1% | +43.5% | +36.9% | +16.8% |
| Depreciation | 18.20 | 5.10 | 0.94 | 0.23 | 0.17 |
| Interest | 11.92 | 0.69 | 0.28 | 0.05 | 0.02 |
| Profit before tax | 52.20 | 20.51 | 9.66 | 5.32 | 0.91 |
| Tax | 20.23 | 4.26 | 2.27 | 1.05 | 0.00 |
| Net profit | 22.79 | 13.10 | 7.40 | 4.27 | 0.91 |
| Net profit margin | +6.6% | +16.7% | +29.6% | +30.3% | +13.9% |
| EPS (βΉ) | 8.82 | 5.88 | 3.28 | 2.33 | 736.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 25.44 | 22.75 | 22.57 | 18.34 | 0.01 |
| Reserves & surplus | 560 | 423 | 98.91 | 25.70 | 9.40 |
| Shareholders' funds (net worth) | 597 | 450 | 124 | 44.04 | 9.41 |
| Minority interest | 122 | 18.23 | 2.03 | 0.00 | 0.00 |
| Secured loans | 90.10 | 2.38 | 0.52 | 0.10 | 0.00 |
| Unsecured loans | 11.37 | 10.34 | 4.85 | 0.77 | 3.58 |
| Total debt | 101 | 12.72 | 5.37 | 0.87 | 3.58 |
| Total liabilities | 824 | 484 | 133 | 45.58 | 13.00 |
| Assets | |||||
| Gross block | 767 | 378 | 95.73 | 41.31 | 14.61 |
| Net block | 736 | 363 | 94.39 | 40.91 | 14.44 |
| Capital work in progress | 6.85 | 34.83 | 0.00 | 0.00 | 0.00 |
| Investments | 8.11 | 0.03 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 133 | 49.65 | 9.75 | 7.45 | 0.83 |
| Cash & bank balances | 15.24 | 43.00 | 31.50 | 1.00 | 0.40 |
| Loans & advances | 57.93 | 21.02 | 6.95 | 1.85 | 0.53 |
| Total current assets | 206 | 114 | 48.20 | 10.30 | 1.76 |
| Total current liabilities | 166 | 32.94 | 8.86 | 5.11 | 3.30 |
| Net working capital | 40.68 | 80.73 | 39.34 | 5.19 | (1.54) |
| Total assets | 824 | 484 | 133 | 45.58 | 13.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 43.00 | 31.50 | 1.00 | 0.40 | 0.02 |
| Net cash from operating activities | 76.95 | (2.78) | 7.57 | (0.45) | 0.19 |
| Net cash from investing activities | (339) | (273) | (44.71) | (24.45) | (6.07) |
| Net cash from financing activities | 235 | 287 | 67.64 | 25.51 | 6.26 |
| Net change in cash | (27.76) | 11.50 | 30.50 | 0.60 | 0.38 |
| Closing cash | 15.24 | 43.00 | 31.50 | 1.00 | 0.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +339.1% | +214.8% | +77.3% | +115.0% | - |
| EBITDA growth | +207.4% | +125.1% | +108.9% | +372.7% | - |
| PBT growth | +154.4% | +112.4% | +81.6% | +484.6% | +9997.0% |
| Net income growth | +74.0% | +77.0% | +73.3% | +369.2% | - |
| Revenue CAGR (3Y) | +190.5% | +128.9% | - | - | - |
| EBITDA CAGR (3Y) | +143.9% | +181.7% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +9.3% | +20.7% | +29.6% | +30.3% | +13.9% |
| Return on capital employed | +11.0% | +7.2% | +11.3% | +18.4% | +7.2% |
| Return on net worth | +6.1% | +5.7% | +8.8% | +16.0% | +9.7% |
| Debt / equity | 0.11 | 0.03 | 0.04 | 0.08 | 0.38 |
| Long-term debt / equity | 0.10 | 0.02 | 0.03 | 0.08 | 0.38 |
| Interest cover | 21.30 | 4.16 | 2.82 | 1.01 | 2.15 |
| Efficiency & per share | |||||
| Fixed asset turnover | 0.60 | 0.33 | 0.36 | 0.50 | 0.45 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.78 | 2.65 | 2.90 | 3.40 | 7.89 |
| EPS (βΉ) | 8.96 | 5.88 | 3.28 | 2.33 | 736.53 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 230.29 | 195.90 | 53.82 | 24.02 | 7,594.35 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 25.86 | 23.33 | 24.17 | 20.19 |
| Other income | 2.53 | 1.73 | 1.49 | 0.94 |
| Total expenses | 11.89 | 10.09 | 10.38 | 8.42 |
| EBITDA | 13.97 | 13.24 | 13.79 | 11.77 |
| EBITDA margin | +54.0% | +56.8% | +57.1% | +58.3% |
| Depreciation | 3.74 | 3.78 | 4.00 | 1.68 |
| Interest | 3.92 | 1.93 | 2.07 | 1.93 |
| Profit before tax | 8.84 | 9.26 | 9.21 | 9.10 |
| Tax | 1.85 | 2.27 | 3.46 | 3.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 70.74 | 37.32 | 20.76 | 13.04 | 6.19 | 0.76 |
| Revenue growth | +89.6% | +79.8% | +59.2% | +110.7% | +714.5% | - |
| Other income | 3.58 | 0.49 | 0.02 | 0.40 | 0.00 | 0.00 |
| Total expenses | 32.62 | 20.23 | 11.68 | 8.35 | 5.45 | 0.67 |
| Employee cost | 0.00 | 7.69 | 6.01 | 4.80 | 1.98 | 0.48 |
| EBITDA | 38.12 | 17.09 | 9.08 | 4.69 | 0.74 | 0.09 |
| EBITDA margin | +53.9% | +45.8% | +43.7% | +36.0% | +12.0% | +11.8% |
| Depreciation | 8.88 | 2.31 | 0.88 | 0.21 | 0.17 | 0.02 |
| Interest | 6.64 | 1.22 | 0.31 | 0.04 | 0.02 | 0.00 |
| Profit before tax | 26.18 | 14.05 | 7.91 | 4.84 | 0.55 | 0.07 |
| Tax | 7.97 | 2.90 | 2.27 | 1.05 | 0.00 | 0.00 |
| Net profit | 18.21 | 11.15 | 5.64 | 3.79 | 0.55 | 0.07 |
| Net profit margin | +25.7% | +29.9% | +27.2% | +29.1% | +8.9% | +9.2% |
| EPS (βΉ) | 7.04 | 4.90 | 2.50 | 2.06 | 446.77 | 119.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 25.44 | 22.75 | 22.57 | 18.34 | 0.01 | 0.01 |
| Reserves & surplus | 216 | 129 | 96.39 | 24.94 | 9.05 | 0.95 |
| Shareholders' funds (net worth) | 252 | 155 | 122 | 43.28 | 9.06 | 0.96 |
| Secured loans | 25.39 | 0.46 | 0.52 | 0.10 | 0.00 | 0.00 |
| Unsecured loans | 22.61 | 27.63 | 6.08 | 0.63 | 3.58 | 4.74 |
| Total debt | 48.00 | 28.09 | 6.60 | 0.73 | 3.58 | 4.74 |
| Total liabilities | 303 | 185 | 130 | 44.67 | 12.64 | 5.70 |
| Assets | ||||||
| Gross block | 277 | 161 | 93.59 | 40.52 | 14.56 | 8.57 |
| Net block | 264 | 157 | 92.33 | 40.13 | 14.39 | 8.55 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 8.27 | 4.39 | 0.19 | 0.10 | 0.09 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 20.48 | 17.98 | 9.59 | 7.26 | 0.75 | 0.09 |
| Cash & bank balances | 1.52 | 6.67 | 31.05 | 0.83 | 0.02 | 0.02 |
| Loans & advances | 7.53 | 7.91 | 6.15 | 1.81 | 0.53 | 0.13 |
| Total current assets | 29.53 | 32.56 | 46.79 | 9.90 | 1.30 | 0.24 |
| Total current liabilities | 46.95 | 6.73 | 8.54 | 4.94 | 3.25 | 3.10 |
| Net working capital | (17.42) | 25.83 | 38.25 | 4.96 | (1.95) | (2.86) |
| Total assets | 303 | 185 | 130 | 44.67 | 12.64 | 5.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 6.67 | 31.05 | 0.83 | 0.02 | 0.02 | 0.00 |
| Net cash from operating activities | 77.45 | 7.89 | 5.71 | (0.83) | (0.25) | 1.00 |
| Net cash from investing activities | (162) | (52.72) | (43.44) | (23.72) | (6.10) | (6.53) |
| Net cash from financing activities | 79.29 | 20.45 | 67.95 | 25.37 | 6.34 | 5.55 |
| Net change in cash | (5.15) | (24.38) | 30.22 | 0.81 | 0.00 | 0.02 |
| Closing cash | 1.52 | 6.67 | 31.05 | 0.83 | 0.02 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +89.6% | +79.8% | +59.2% | +110.7% | +714.5% | - |
| EBITDA growth | +123.1% | +88.2% | +93.6% | +533.8% | +722.2% | - |
| PBT growth | +86.2% | +77.8% | +63.4% | +780.0% | +292.9% | +9997.0% |
| Net income growth | +63.3% | +97.7% | +48.8% | +589.1% | +685.7% | - |
| Revenue CAGR (3Y) | +75.7% | +82.0% | +201.2% | - | - | - |
| EBITDA CAGR (3Y) | +101.2% | +185.2% | +365.5% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +25.7% | +29.9% | +27.2% | +29.1% | +8.9% | +9.2% |
| Return on capital employed | +13.5% | +9.8% | +9.4% | +17.0% | +6.2% | +2.1% |
| Return on net worth | +8.9% | +8.1% | +6.8% | +14.5% | +11.0% | +12.5% |
| Debt / equity | 0.19 | 0.13 | 0.04 | 0.08 | 0.83 | 4.94 |
| Long-term debt / equity | 0.10 | 0.11 | 0.04 | 0.08 | 0.36 | 0.00 |
| Interest cover | 22.95 | 8.68 | 3.78 | 0.89 | 3.51 | 0.00 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 0.32 | 0.29 | 0.31 | 0.47 | 0.54 | 0.18 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.68 | 2.71 | 2.46 | 3.26 | 14.74 | 16.89 |
| EPS (βΉ) | 7.16 | 4.90 | 2.50 | 2.06 | 446.77 | 119.25 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 94.89 | 66.89 | 52.70 | 23.60 | 7,304.68 | 923.65 |
Investments & Acquisitions by Veefin
Veefin has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include TradeAssets and ezee.ai.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Trade financing is enabled through an online marketplace platform. | tradeassets.online | Dubai, United Arab Emirates | 2019 | Feb 2025 | β’β’β’β’ | |
AI-based digital lending and debt collection solutions are provided. | ezee.ai | Chennai, India | 2017 | Sep 2024 | $14.9M |
Complete acquisition details for Veefin
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Timeline of Veefin
6 dated milestones of Veefin across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Veefin is founded.
- Funding First funding round of $3.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires ezee.ai.
- Funding Latest funding round, Post-IPO, of $16.0M.
- Acquisition Acquires TradeAssets.
Competitors of Veefin
Veefin has 3 listed competitors in our database, 3 of them funded. They include Vayana, CreditNirvana and FinBox.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| creditnirvana.ai | 2018 | Bengaluru, India | $2.2M | 71 | AI/ML-driven debt management platform is offered for financial institutions. | |
| finbox.in | 2015 | Bengaluru, India | $51.09M | 215 | Developer of digital credit infrastructure and risk intelligence suite |
Detailed competitors of Veefin
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Web traffic of Veefin
The website of Veefin (veefin.com) receives about 7.3K visits a month.
- Monthly visits7.3K
▼ 35.7% vs previous month
Websites whose visitors overlap most with Veefin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sharesbazaar.com | 100% | 4.8K | #3,939,706 | View details | |
tradebrains.in | tradebrains.in | 81% | #17,984 | β | |
| startupnews.fyi | 81% | 44.6K | #568,305 | View details |
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Frequently Asked Questions about Veefin
Veefin was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Veefin is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Shantanu Bairagi is the CEO of Veefin, as recorded in our data.
Veefin is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Dec 2021.
Veefin has 255 employees.
The primary company behind Veefin, Veefin Solutions Limited, reported revenue of βΉ352 Cr for FY 2026, up 339% year on year.
Veefin was founded in 2020 in Mumbai, India, as a provider of SaaS platforms focused on supply chain finance. White-labeled technology is offered to financial institutions, fintech firms, B2B marketplaces, and corporates worldwide. Services include anchor, vendor, and dealer onboarding, along with credit underwriting and transaction management for various SCF products. Operations emphasize full-stack solutions in the fintech sector.
Veefin's top competitors include CreditNirvana, Vayana and FinBox.
Veefin offers Loan Origination System, Loan Management System, SCF LMS, Embedded Finance Stack, and Collections Management System.
Yes, Veefin is publicly traded on BSE under the ticker symbol VEEFIN.
Veefin has made 2 acquisitions, including TradeAssets, and ezee.ai.
Veefin has 1 investor. Key investors include Rajesh Rajendran.
