Veefin Solutions , a global enterprise software company, has made a significant stride in its international expansion by securing a Supply Chain Finance (SCF) platform mandate from the Bank of the Philippine Islands (BPI). This partnership marks Veefin's inaugural deal in the Philippines and its first global deployment of Deep Tier Finance capability.

Key Highlights of the Partnership

• First Philippine Deal: This agreement represents Veefin's entry into the Philippine market, a strategic move in its global expansion plans.
• Deep Tier Finance Deployment: The partnership includes Veefin's Deep Tier Finance capability, enabling financing across extended supplier ecosystems beyond Tier-1 vendors.
• Enhanced SCF Services: BPI will implement Veefin's end-to-end supply chain finance platform to bolster its digital SCF services for corporate clients and their supplier networks.

Impact on Stakeholders

Veefin's Offering

Veefin provides banks and financial institutions with a single, API-driven platform for:

• Supply chain finance
• Transaction banking
• Digital lending across different geographies

This partnership with BPI, one of the Philippines' largest and most established financial institutions, reinforces Veefin's commitment to delivering innovative, technology-enabled financing solutions to corporate ecosystems.

Future Implications

The implementation in the Philippines may serve as a reference for Veefin's further regional expansion in Southeast Asia and other international markets. This deal underscores the potential significance of Veefin's Deep Tier Finance model in supply chain financing.

As the demand for digitized working-capital finance solutions continues to grow, Veefin's expansion into new markets like the Philippines positions it to potentially capitalize on these opportunities and further establish its presence in the fintech sector.

Veefin Solutions , a global leader in Working Capital Technology, has announced the appointment of Sorabh Dhawan as the Chief Executive Officer of PSB Xchange. This strategic move aims to bolster the leadership of one of India's most impactful digital credit platforms, marking a significant step in the national-scale digital credit transformation.

A Seasoned Leader at the Helm

Sorabh Dhawan brings over 18 years of experience to his new role, with a rich background spanning banking, digital lending, operations, and transformation. His career includes notable stints at prestigious financial institutions such as Kotak Bank, Aditya Birla Finance, and HDFC Bank. Prior to joining PSB Xchange, Dhawan served as the Chief Executive Officer of SG Finserve Limited, where he successfully established an NBFC from the ground up, making it a prominent name in the Supply Chain Finance industry.

PSB Xchange: Powering India's Digital Credit Infrastructure

PSB Xchange plays a crucial role in India's financial landscape as a central digital rail connecting Public Sector Banks, financial institutions, and millions of customers. The platform supports:

• High-volume digital credit flows
• Interoperability across institutions
• Standardized, compliant, and transparent processes
• Long-term digital transformation of India's PSB ecosystem

Veefin Solutions has been entrusted with the exclusive mandate to build and operate PSB Xchange under a long-term contract awarded by PSB Alliance, representing all Public Sector Banks in India.

Leadership Perspectives

Raja Debnath, Co-founder of Veefin, emphasized the national importance of PSB Xchange, stating, "PSB Xchange is a national responsibility, and Veefin is honoured to be entrusted with this exclusive mandate from PSB Alliance. Sorabh's appointment strengthens our mission to scale this platform to its full potential and deliver long-term impact across India's banking system."

Sorabh Dhawan, in his new role as CEO of PSB Xchange, expressed his commitment: "I am honoured to lead PSB Xchange at such a transformative stage. Veefin has built one of India's most trusted digital lending infrastructures, and I look forward to driving its next phase of growth, expansion, and nationwide impact."

Veefin's Strong Market Position

The appointment comes at a time when Veefin Solutions is experiencing significant growth and expansion. Recent financial results highlight the company's strong market position:

Veefin's product portfolio has expanded beyond Supply Chain Finance, with growing demand for Trade Finance, Cash Management, and Corporate & Retail Internet Banking solutions.

As Veefin Solutions continues to innovate and expand its global footprint, the appointment of Sorabh Dhawan as CEO of PSB Xchange marks a significant milestone in the company's journey to revolutionize digital credit infrastructure in India and beyond.