Veefin Solutions, a leading player in the receivables finance space in India, has reported a remarkable 300 per cent increase in demand for its supply chain finance solutions during the current fiscal year. The surge in demand is evident from both domestic and international financial institutions. Notable partnerships have been formed with new-age Non-Banking Financial Companies (NBFCs) and prominent private sector banks, including State Bank of Mauritius, Muthoot Fincorp, Aditya Birla Finance, YES Bank, IDFC FIRST Bank, Central Bank of India, and small finance banks like Ujjivan and AU.
