Veefin Solutions Limited , a company specializing in financial technology solutions, has announced a significant addition to its leadership team. The Board of Directors has approved the appointment of Mr. Jimish Dedhia as an Additional Non-Executive Independent Director, subject to shareholder approval.

Key Appointment Details

Professional Background

Mr. Dedhia brings a wealth of experience to Veefin Solutions, with over 15 years in the finance sector. His expertise spans several critical areas:

• Debt syndication
• Project finance
• Capital structuring

Notable Achievements

As a Partner at Abundance Capital Advisory, Mr. Dedhia has demonstrated significant capabilities in financial advisory:

Impact on Veefin Solutions

The appointment of Mr. Dedhia is expected to bring valuable insights to Veefin Solutions, particularly in areas such as:

• Financial strategy development
• Risk assessment
• Governance practices

His experience in advising mid-sized businesses on funding strategies aligns well with Veefin's focus on technology-driven financial solutions.

Compliance and Governance

In compliance with SEBI regulations, Veefin Solutions has confirmed that Mr. Dedhia has not been debarred from holding a directorship by any regulatory authority. This appointment underscores the company's commitment to strengthening its board with experienced professionals.

The addition of Mr. Jimish Dedhia to Veefin Solutions' board comes at a time when expertise in financial structuring and technology integration is crucial for fintech companies. Shareholders will have the opportunity to ratify this appointment, potentially bringing new perspectives to the company's strategic direction in the evolving fintech landscape.

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.