About Veefin
Veefin is a company based in Mumbai (India) founded in 2020 by Raja Debnath and Gautam Udani.. Veefin has raised $3 million across 2 funding rounds from investors including Rajesh Rajendran. The company has 255 employees as of March 31, 2024. Veefin has completed 2 acquisitions, including TradeAssets and ezee.ai. Veefin offers products and services including Loan Origination System, Loan Management System, SCF LMS, Embedded Finance Stack, and Collections Management System. Veefin operates in a competitive market with competitors including Vayana, CreditNirvana, FinBox, CredAble and Linedata, among others.
- Headquarter Mumbai, India
- Employees 255 as on 31 Mar, 2024
- Founders Raja Debnath, Gautam Udani
- Stage Public
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
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Social
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- Legal Name Veefin Solutions Ltd.
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Annual Revenue
$9.18 M (USD)214.74as on Mar 31, 2024
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Net Profit
$1.56 M (USD)80.83as on Mar 31, 2024
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EBITDA
$3 M (USD)135.02as on Mar 31, 2024
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$16.01 M (USD), Post-IPO
Dec 19, 2024
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Investors
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Employee Count
255
as on Mar 31, 2024
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Investments & Acquisitions
TradeAssets
& 1 more
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Post-IPO — $16.0M
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First Round
First Round
(23 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - Veefin | Valuation |
investors |
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| Dec, 2021 | Amount | Series A - Veefin | Valuation | Rajesh Rajendran |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Veefin
Veefin has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Rajesh Rajendran. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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RR
Rajesh Rajendran |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Veefin
Veefin has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include TradeAssets and ezee.ai. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Trade financing is enabled through an online marketplace platform.
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2019 | ||||
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AI-based digital lending and debt collection solutions are provided.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Veefin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veefin Comparisons
Competitors of Veefin
Veefin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vayana, CreditNirvana, FinBox, CredAble and Linedata, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
AI/ML-driven debt management platform is offered for financial institutions.
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| domain | founded_year | HQ Location |
Developer of digital credit infrastructure and risk intelligence suite
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Software, data, analytics, and services are provided to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Veefin
Frequently Asked Questions about Veefin
When was Veefin founded?
Veefin was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Veefin located?
Veefin is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Veefin?
Shantanu Bairagi is the current CEO of Veefin.
Is Veefin a funded company?
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 23, 2021.
How many employees does Veefin have?
As of Mar 31, 2024, the latest employee count at Veefin is 255.
What is the annual revenue of Veefin?
Annual revenue of Veefin is $9.18M as on Mar 31, 2024.
What does Veefin do?
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.
Who are the top competitors of Veefin?
Veefin's top competitors include CredAble, CreditNirvana and Vayana.
What products or services does Veefin offer?
Veefin offers Loan Origination System, Loan Management System, SCF LMS, Embedded Finance Stack, and Collections Management System.
Is Veefin publicly traded?
Yes, Veefin is publicly traded on BSE under the ticker symbol VEEFIN.
How many acquisitions has Veefin made?
Veefin has made 2 acquisitions, including TradeAssets, and ezee.ai.
Who are Veefin's investors?
Veefin has 1 investor. Key investors include Rajesh Rajendran.
What is Veefin's ticker symbol?
The ticker symbol of Veefin is VEEFIN on BSE.
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