Veefin Solutions Raises ₹35 Crore Debt Funding

Veefin Solutions, a prominent player in the digital lending and supply chain finance software arena, has secured board approval for a significant capital infusion of up to ₹35 crore. This funding will be raised through the issuance of non-convertible debentures (NCDs) via private placement, signaling a strategic move to bolster its financial capacity following its 2023 debut on the BSE SME platform.

The company plans to issue a maximum of 3.5 lakh NCDs, each with a face value of ₹1,000. This debt financing marks the second major fundraising initiative for Veefin Solutions since its public listing. Last year, the firm successfully garnered board approval for a substantial ₹94 crore raise, utilizing a mix of equity shares and convertible warrants, underscoring its consistent drive for expansion and operational enhancement.

This latest financial maneuver comes on the heels of a significant milestone for Veefin Solutions: shareholder endorsement for a transition to the main stock exchange board. The proposal received unanimous backing from all 1.1 crore shareholders, a testament to investor confidence. While the shareholder vote has passed, the company awaits final clearance from the stock exchanges to proceed with the mainboard listing.

Founded in 2020 by Gautam Udani and Raja Debnath, Veefin Solutions has rapidly established itself by providing innovative software solutions for supply chain finance and digital lending. The company's growth trajectory is further evidenced by its strategic investments in entities like White Rivers Media, Walnut AI, and EpikInDiFi, expanding its ecosystem and technological capabilities within the fintech sector.

Financially, Veefin Solutions has demonstrated robust performance. For the fiscal year ending March 2026, the company reported a remarkable year-over-year revenue surge of 339%, reaching ₹345.1 crore. Net profit also saw substantial growth, nearly doubling to ₹32 crore. This strong financial footing provides a solid foundation for its upcoming capital raise and future expansion plans.

The Indian fintech sector, particularly in areas like supply chain finance and digital lending, is experiencing accelerated growth, driven by increasing digitalization and the demand for efficient financial solutions. Veefin Solutions is well-positioned within this dynamic market, leveraging technology to address critical needs in business financing. The company's stock closed recently at ₹305.25 on the BSE, reflecting a modest gain of 0.78%, indicating continued investor interest.