Veefin Buys TradeAssets To Expand Into Dubai

Veefin has made the acquisition through its subsidiary Estorifi Solutions

The acquisition will help the group to enhance its collaboration with banks and create cross-selling opportunities for TradeAssets clientele

Supply chain financing is a trade asset tool which helps companies to improve their cash flow management and working capital

Mumbai-based Veefin Group has made a strategic acquisition of Dubai-based TradeAssets through its subsidiary Estorifi Solutions. The fifth buyout in the last eight months will help the SaaS-based Indian fintech to become a one-stop-solution in the supply chain financing space.

According to a company statement, the acquisition will help the group to enhance its collaboration with banks and create cross-selling opportunities for TradeAssets clientele.

Founded in 2020, Veefin Group is a BSE SME-listed company which automates supply chain financing and digital lending solutions for its customers. It caters to a diverse base of clientele from banks, financial institutions, fintech firms, B2B marketplaces, and large corporations.

Supply chain financing is a trade asset tool which helps companies to improve their cash flow management and working capital.

(The story will be updated soon)