Veefin Solutions ' PSBXchange has strengthened its embedded finance ecosystem by onboarding 20 strategic partners across supply chain finance, B2B marketplaces, procurement, and treasury platforms. This expansion reinforces PSBXchange's role as foundational digital infrastructure for delivering institutional finance at scale across India's enterprise and MSME ecosystem.

Strategic Partnership Expansion Across Six Verticals

The expanded onboarding represents PSBXchange's evolution from platform enablement to ecosystem orchestration. By integrating financing directly into systems that power procurement, distribution, treasury, trade, and SME operations, PSBXchange enables credit to flow seamlessly within everyday business workflows while reducing friction, improving visibility, and strengthening lender confidence.

Supply Chain Finance and B2B Marketplace Integration

The partnership expansion includes multiple supply chain finance fintechs bringing deep expertise in invoice-based financing and automated dealer, distributor, and vendor finance workflows. These integrations enable PSBXchange to activate financing within live supply chains while maintaining lender-grade compliance and risk visibility.

B2B marketplaces digitize trade flows across industrial supply chains, and embedding PSBXchange's financing layer within these platforms allows buyers and sellers to access supply chain finance directly at the point of transaction.

Corporate Advisory and Distribution Technology Integration

Procurement and procure-to-pay platforms sit at the heart of enterprise purchasing and invoice approval workflows. Integration with PSBXchange enables seamless financing of buyer-approved invoices, strengthening liquidity predictability for vendors and suppliers.

Corporate advisory firms act as trusted intermediaries for enterprises seeking structured financing solutions, expanding PSBXchange's access to curated, decision-ready financing opportunities aligned with institutional lending standards.

Leadership Perspective on Ecosystem Development

Commenting on the milestone, Sorabh Dhawan, CEO of PSBXchange, emphasized the platform's evolution: "This milestone reflects the direction in which PSBXchange is evolving - from enabling transactions to powering an integrated embedded finance ecosystem. By onboarding partners across six strategic verticals, we are ensuring that institutional credit can be accessed where commercial decisions are actually made."

Dhawan highlighted the focus on building a common digital financing layer that scales responsibly while meeting transparency, governance, and risk expectations of lenders.

Future Growth and Platform Positioning

With the successful onboarding of these 20 partners, PSBXchange is positioned to support businesses across multiple industries while offering lenders a standardized and interoperable route to deploy working capital solutions. The platform continues to evaluate a growing pipeline of prospective partners across additional platforms and use cases.

PSBXchange maintains a structured and selective onboarding approach, aiming to expand responsibly by ensuring every new integration strengthens the overall ecosystem, enhances lender confidence, and deepens the reach of embedded finance across India's digital trade infrastructure.

About the Platform and Technology

PSBXchange operates as a multi-lender digital working capital marketplace led by the PSB Alliance and developed by Veefin Solutions. The platform brings together banks, NBFCs, corporates, MSMEs, and ecosystem partners on a single platform, enabling seamless participation across supply chain finance programs by standardizing onboarding, program discovery, and transaction execution.

Veefin Solutions Limited , a fintech company, has successfully completed the first tranche of its preferential allotment, raising Rs 20.77 crore through the issuance of equity shares. The company announced the allotment outcome following a board meeting held on December 15, 2025.

First Tranche Allotment Completed

The board of directors approved the allotment of 5,31,279 fully paid-up equity shares at Rs 391.00 per share to non-promoter investors. The allotment was executed after receiving necessary approvals from shareholders at the Extraordinary General Meeting held on October 13, 2025, and in-principle approval from BSE Limited on December 10, 2025.

Remaining Allotment Timeline

The company clarified that this represents the first tranche of the total approved preferential issue of 12,99,857 equity shares. The remaining 7,68,578 equity shares will be allotted within the stipulated timeline of 15 days from receipt of in-principle approval from BSE Limited.

Updated Share Capital Structure

Following the first tranche allotment, the company's issued, subscribed and paid-up equity share capital has increased significantly.

Investor Details

The first tranche allotment included participation from diverse non-promoter investors as outlined in the regulatory filing.

Regulatory Compliance

The allotment was conducted in accordance with SEBI regulations and the company has authorized key management personnel including Chairman & Managing Director Raja Debnath and Whole-time Director Gautam Vijay Udani to complete necessary formalities for dematerialization of the equity shares with NSDL, CDSL and RTA.

This successful completion of the first tranche demonstrates strong investor confidence in Veefin Solutions' growth prospects and provides the company with additional capital to pursue its strategic initiatives in the fintech sector.