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Veefin acquires 26% stake in EpikIndifi to expand digital retail lending solutions

Veefin acquires 26% stake in EpikIndifi to expand digital retail lending solutions

09/17/24, 7:15 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgchennai
Industry
finance
financial services
software
Veefin, a fintech firm, has acquired a 26% stake in software solution provider, EpikIndifi in a cash-and-share swap deal. This acquisition will help Veefin to add new revenue streams through digital retail lending across various loan products in addition to its existing heft in working capital solutions. Veefin also plans to invest Rs 25 crore into EpikIndifi over the next two to three years and expand their ownership in the company for a complete acquisition.

Company Info

Company
Veefin Group
Location
Mumbai, Maharashtra, India
Company info
The Veefin Group is a financial organization that focuses on creating new asset classes out of supply chain finance to benefit specific borrowers, particularly MSMEs.

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