Supply chain finance India 04-02-2025Veefin acquires TradeAssets to expand trade finance solutionsVeefin Group, a Mumbai-based fintech specialising in supply chain finance and digital lending solutions, has acquired Dubai-based TradeAssets through its subsidiary Estorifi Solutions. This marks Veefin’s fifth acquisition in eight months, reinforcing its position as a one-stop solution in trade finance and supply chain financing.The acquisition will enable Veefin Group to enhance collaboration with banks, create cross-selling opportunities, and offer a comprehensive digital trade finance ecosystem. TradeAssets, which facilitates the digital trading of trade finance assets, operates in a large market base of over 10,000 banks, with an estimated US$1tn in secondary asset sales and US$2tn in primary asset origination.“Integrating TradeAssets into our ecosystem allows us to offer even more comprehensive solutions to global financial institutions. This move aligns with our goal to provide an integrated platform that covers all aspects of trade finance, from origination to distribution and beyond. We will continue to acquire companies to add to the Veefin Group’s ecosystem to better serve our banking and corporate clients,” said Raja Debnath, Chairperson, Co-founder and CEO, Veefin Group.TradeAssets has successfully handled over $4bn in deals, connecting 120+ banks across 35 countries. Its expertise in trade asset distribution will complement Veefin’s digital financing solutions, creating new growth opportunities for financial institutions worldwide.With this acquisition, Veefin Group now comprises ten companies, further strengthening its role as a key player in supply chain and trade finance innovation. #aquasition#supply chain finance#Trade Assets#trade finance#Veefin