Veefin Solutions has announced through an official press release that its PSB Xchange platform has partnered with WOGOM to enable a ₹5,000 crore credit pipeline for MSMEs across India. This strategic collaboration connects digital trade ecosystems to institutional financing through a unified platform supported by 12 public sector banks.

PSB Xchange Platform Integration

The partnership integrates WOGOM's network with PSB Xchange, a comprehensive multi-lender embedded working capital ecosystem developed by Veefin Solutions. PSB Xchange serves as a unified digital credit infrastructure platform that brings together banks, NBFCs, B2B platforms, fintechs, corporates, and MSMEs through standardized onboarding and program execution.

Digital Trade Transaction Framework

The integration connects real trade transactions generated on the WOGOM platform directly to institutional, bank-backed financing available through PSB Xchange's multi-lender working capital ecosystem. This approach digitizes commercial activity to enable structured financing linked to live business transactions, reducing paperwork and accelerating credit access for MSME retailers and distributors.

Through this framework, eligible partners can access institutional financing with competitive bank rates based on their actual business transactions rather than traditional documentation-heavy processes. The collaboration aims to strengthen liquidity and build greater confidence across the retail supply chain ecosystem.

Leadership Perspectives

Sahil Sikka, Chief Business Officer & Chief Financial Officer at PSB Xchange, emphasized the initiative's role in strengthening formal working capital access: "By connecting digital trade ecosystems such as WOGOM to Public Sector Bank liquidity through PSB Xchange, we are strengthening access to formal working capital for retailers and distributors."

Ravi Patel, Co-founder of WOGOM, highlighted the partnership's impact on working capital accessibility: "Through our integration with PSB Xchange, eligible partners can use their real business transactions to access institutional, bank-backed financing with competitive rates and reduced documentation."

MSME Ecosystem Impact

The collaboration addresses critical challenges in MSME financing by solving what WOGOM identifies as "Money, Margin, and Discovery" issues. The platform improves access to working capital, enables better buying power through enhanced margins, and helps partners source products reliably through improved discovery mechanisms.

The partnership represents a significant step toward expanding structured credit access and improving transparency across India's MSME supply chains, with the potential to transition thousands of distributors to institutional, bank-backed credit over time.

Veefin Solutions Limited has delivered strong financial results for Q3 FY26, demonstrating robust growth across its product portfolio and significant progress in its PSB Xchange marketplace platform. The company reported consolidated revenue of Rs. 104 crores for Q3 FY26 and Rs. 214 crores for the nine-month period ended December 31, 2025.

Financial Performance Highlights

The company's financial performance reflects strong execution across core platforms and increasing traction in non-supply chain finance products. Revenue growth has been driven by organic expansion, increased platform monetization, and full consolidation impact of acquired entities.

Profitability and Margin Analysis

Veefin Solutions maintains strong profitability metrics at the standalone level, with the core product business operating at healthy margins. The company's standalone business achieved 52% EBITDA margins and 27% PAT margins on a year-to-date basis.

The consolidated margins are lower due to the inclusion of service businesses, which structurally operate at lower operating margins compared to product businesses. Management emphasized that this is mix-driven rather than performance-driven, with absolute profit pools expanding steadily.

PSB Xchange Platform Achieves Major Milestone

The PSB Xchange marketplace platform has transitioned from onboarding to live transaction activity, marking a significant operational milestone. The platform now demonstrates meaningful transaction throughput with substantial corporate engagement.

The platform operates on a comprehensive revenue model with fees ranging from 30 to 65 basis points depending on services utilized. This includes sourcing fees (30 basis points), technology fees (20 basis points), and onboarding services (15 basis points), all calculated on the assets under management generated through the platform.

Strong Deal Pipeline and Geographic Diversification

Veefin Solutions maintains a robust qualified deal pipeline of USD 61 million across 50 enterprise opportunities. Notably, 78% of this pipeline comprises non-supply chain finance products, including cash management, trade finance, internet banking, and loan management systems.

This geographic diversification reinforces management's confidence in global demand for Veefin's platforms and supports long-term international growth objectives. The pipeline represents qualified enterprise opportunities currently under active client evaluation, with multiple solution opportunities being pursued within individual client relationships.

Operational Expansion and Market Readiness

The company has established a pan-India execution-ready operating model for PSB Xchange, supported by dedicated field credit and technology teams across 26 locations nationwide. This operational infrastructure enables parallel onboarding of corporates and partners, scalable regional execution, and faster credit deployment as platform activity grows.

Management emphasized that PSB Xchange has evolved from a concept to a live, expanding platform with diversified pipeline, growing transaction throughput, and demonstrated on-ground execution capabilities. The current focus remains on widening ecosystem participation and deepening engagement rather than maximizing volume in the initial phase.