Now Loading

Muthoot FinCorp Partners with Veefin Solutions for Supply Chain Finance Launch

MumbaiMuthoot FinCorp has onboarded Veefin Solutions as their technology partner to begin their Supply Chain Finance (SCF) operations in the country. Through this integration, Muthoot Fincorp will deploy Veefin’s global first, end-to-end stack across all SCF products.

Veefin is set to strengthen Muthoot FinCorp by providing a broad range of Supply Chain Finance (SCF) solutions. This entails enrolling suppliers and vendors, assessing their loans through the Loan Origination Solution (LOS), overseeing transactions via the Loan Management Solution (LMS), and culminating in thorough analysis facilitated by Veefin’s Reporting & Business Intelligence solution.

“Beginning our Supply Chain Finance journey is another step towards solidifying our commitment to our mission in providing timely credit to millions of MSME entrepreneurs in the country. Supply Chain Finance is the need of the hour to help MSMEs borrow using the safest form of lending possible today to avail credit customised to their requirements. I’m sure joining hands with Veefin Solutions will ensure seamless process with contemporary technology resulting in enhanced customer experience” emphasized Shaji Vargese, CEO – Muthoot FinCorp Ltd.

Raja Debnath, Managing Director, Veefin Solutions Ltd, said “We are excited to partner with Muthoot FinCorp, a leading player in the NBFC space, and I hope this partnership will help us become one of the largest players within the Supply Chain Finance market in the country. I’m sure with Muthoot FinCorp’s expertise and experience, we can enter the untapped market of MSMEs through supply chain financing.”

Tags: BFSI