Veefin Solutions Limited , a global leader in Working Capital Technology solutions, has announced a strategic partnership with IWS Holdings to enter Sri Lanka's banking and financial services sector. This move marks Veefin's foray into the Sri Lankan market, aiming to drive digital transformation in the country's financial institutions.

Partnership Details

The partnership will see Veefin introduce its comprehensive Working Capital Technology Platform to Sri Lanka. This platform offers modular and scalable solutions designed to help businesses optimize and manage working capital more effectively.

Product Offerings

Veefin's product suite includes:

• Supply Chain Finance
• Trade Finance
• Cash Management
• Digital Lending Suite

Market Opportunity

Raja Debnath, Chairperson and Managing Director of the Veefin Group, highlighted the significant opportunity in Sri Lanka:

"Over 40% of SMEs in Sri Lanka remain unserved by formal financial institutions, highlighting a substantial credit gap. With MSMEs constituting over 75% of businesses and contributing more than 50% to the country's GDP, our platform empowers banks and lenders to efficiently serve MSMEs and corporates with scalable, fully digital solutions."

Sri Lanka Fintech Summit

Veefin will showcase its solutions at the upcoming Sri Lanka Fintech Summit in Colombo. This participation comes in response to significant interest from leading financial institutions across the region.

IWS Holdings' Perspective

Arthur Senanayake, Chairman of IWS Holdings, expressed enthusiasm about the partnership:

"Sri Lanka's banking and financial sectors are poised for digital acceleration. Our partnership with Veefin reflects our commitment to introducing cutting-edge global technology to Sri Lanka. We believe this launch will empower local financial institutions to compete on a global stage."

Early Traction

While specific names cannot be disclosed due to non-disclosure agreements, early discussions with some of Sri Lanka's leading banks have already begun, with strong interest shown in Veefin's offerings.

Veefin's Global Presence

Veefin has already seen success in markets across Asia, Africa, and the Middle East. In India, the company is collaborating with the Ministry of Finance on the PSBXchange platform, set to be the world's largest unified Supply Chain Finance ecosystem.

About Veefin Solutions Limited

Veefin Solutions Limited, part of the Veefin Group of companies, is on a mission to build the World's Largest Working Capital Ecosystem. The company offers solutions across end-to-end digital Supply Chain Finance, digital identity verification, automated financial statement analysis, debt securitization, cash management, trade finance, automated Accounts Receivable (AR) & Accounts Payable (AP), and software consulting services.

Incorporated in 2020, Veefin Group is headquartered in Mumbai, India, with offices in Singapore, Dubai & Bangladesh. The parent company, Veefin Solutions Ltd., is listed on the BSE SME platform.

This strategic partnership with IWS Holdings marks a significant step in Veefin's international expansion and its commitment to driving digital transformation in the financial sector across emerging markets.

Veefin Solutions , a leading player in the digital lending and API infrastructure space, has announced a significant expansion of its API Business Vertical through partnerships with over 15 fintechs and enterprises. This move reinforces Veefin Group's vision of building the World's Largest Working Capital Technology Ecosystem.

Key Partnerships Driving Innovation

SimplyFI: Revolutionizing Loan Origination and Management

SimplyFI has integrated its AI-powered Loan Origination System (LOS) and Loan Management System (LMS) with Veefin's API infrastructure. This collaboration aims to transform digital lending for MSME, consumer, and loan-against-property segments.

Viswanadh Akella, Founder of SimplyFI, stated, "This partnership sets a new benchmark for digital lending infrastructure by marrying the precision of AI agents with the power of plug-and-play APIs."

Equence: Enhancing Fraud Risk Management and Compliance

Equence has partnered with Veefin to provide a unified API stack covering CPaaS, vendor analysis, and advanced fraud risk enablement. This collaboration strengthens compliance frameworks and mitigates fraud risks while accelerating customer engagement.

Pushpendra Kumar, Founder of Equence, emphasized, "The combined stack ensures enterprises are equipped with scalable, secure, and future-ready APIs for the digital-first economy."

WhatsLoan: Pioneering RBI's Unified Lending Interface

WhatsLoan has emerged as one of the first fintechs to leverage the Reserve Bank of India's Unified Lending Interface (ULI) and Digilocker for both consumer and entity KYC services. This partnership aims to simplify and accelerate financial access for farmers, businesses, and consumers.

Timmana Gouda D, Founder & CEO of WhatsLoan, commented, "Our partnership with Veefin Group's API vertical sets a new standard in simplifying and accelerating the financial journey for diverse borrowers."

Expanding the Digital Financial Ecosystem

Veefin's growing network of partnerships solidifies its leadership in delivering transformative solutions that are shaping the working capital industry. The company's API Business Vertical is rapidly becoming a cornerstone of the digital financial services ecosystem, offering financial institutions and enterprises the ability to innovate, scale, and maintain compliance in an increasingly complex digital landscape.

About Veefin Group

Veefin Group is on a mission to build the World's Largest Working Capital Ecosystem. The group offers solutions across supply chain finance, digital identity verification, debt securitization, and automated financial analysis. Veefin Solutions Ltd., the parent company, is listed on the BSE SME platform.

With this strategic expansion, Veefin Solutions continues to pave the way for innovation in digital lending and API infrastructure, setting new standards for the fintech industry.