Veefin Solutions , a global software provider for banks and NBFCs, has reported a 108% year-on-year revenue growth in the first half of fiscal year 2026, driven by its supply chain finance business and expansion into multiple enterprise banking products.

Strong Financial Performance

The company's core supply chain finance business continues to be a significant contributor, generating EBITDA margins of 54%. This performance has enabled Veefin to fund its ongoing IP creation and expansion into new product lines.

Expansion into New Banking Products

Veefin has expanded its product portfolio beyond supply chain finance, now offering six enterprise-grade banking products:

1. Trade finance
2. Cash management
3. Corporate internet banking
4. Retail internet banking
5. Loan Management System (LMS)
6. Collections

This diversification strategy aims to position Veefin as a comprehensive multi-product technology provider in the banking sector.

PSBXchange Platform Progress

A key highlight of Veefin's growth strategy is the PSBXchange platform, which the company describes as the "jewel in Veefin's crown." The platform is targeting transaction approvals of Rs. 3,000-3,500 crores by the end of the fiscal year. This initiative is expected to contribute to Veefin's revenue stream in the coming years.

Global Expansion and Pipeline

Veefin's global expansion efforts have resulted in a qualified pipeline of $45.00 million across 85 deals in 24 countries. This diverse geographical presence underscores the company's growing international footprint.

Future Outlook

Raja Debnath, Managing Director and Co-Founder of Veefin Solutions, expressed optimism about the company's future, stating, "We are well set to be India's first multi-product technology product company in the BFSI space." The company's focus is on building a comprehensive suite of banking products on a single technological chassis.

Conclusion

Veefin Solutions' performance in H1 FY26 demonstrates the progress of its multi-product strategy and global expansion efforts. As the company continues to innovate and expand its product suite, it aims to capitalize on the demand for advanced banking technology solutions worldwide.

Veefin Solutions has announced robust financial results for the half-year ended September 30, 2025, along with several strategic moves to strengthen its market position.

Financial Highlights

The company reported impressive consolidated financial results for the first half of the fiscal year:

Strategic Acquisitions and Investments

Veefin Solutions has made significant strides in expanding its portfolio and capabilities:

1. White Rivers Media Solutions: Acquired a 36.56% stake for Rs 124.30 crore, potentially enhancing Veefin's digital marketing capabilities.

2. Debt Financing: Secured Rs 60.00 crore in term loans, bolstering the company's financial flexibility for future growth initiatives.

3. Share Warrant Conversion: Converted share warrants worth Rs 112.35 crore, which may indicate investor confidence and provide additional capital for the company's operations.

Corporate Restructuring

The Board of Directors has approved a merger scheme involving two of its subsidiaries:

• Estorifi Solutions
• GlobeTF Solutions

This move is likely aimed at streamlining operations and potentially realizing synergies across the group.

Expanding Footprint

Veefin Solutions has a significant presence both domestically and internationally, with subsidiaries including:

• Veefin Solutions FZCO (Dubai)
• Veefin Solutions Limited (Bangladesh)
• Several India-based subsidiaries focusing on various aspects of financial technology and software solutions

Auditor's Review

ADV & Associates, the company's statutory auditors, have conducted a limited review of the unaudited standalone and consolidated financial results for the half-year ended September 30, 2025. The auditors have not reported any material misstatements in their review report.

Management Commentary

While specific management comments were not provided, the company's actions suggest a focus on strategic growth through acquisitions, financial prudence through debt financing, and operational efficiency through corporate restructuring.

Veefin Solutions' performance and strategic moves indicate a company on a growth trajectory, leveraging both organic growth and strategic acquisitions to enhance its market position in the fintech space.