Infini System’s Supply Chain Finance product - Veefin announced that they have signed multi-year contracts with 2 more banks in South Asia.
Veefin is a flexible and integrated software solution, which enables banks to offer sophisticated supply chain financing services to their corporate clients. Veefin provides banks with end to end sales support in signing up corporate clients onto their platform. Veefin is being offered with both an outright purchase and pay-as-you-go subscription model.
The end-to-end solution includes functions of both advisory and implementation aspects of supply chain financing. Being a SaaS offering, some of the features that highlight the financial engagement of Veefin are: Zero ATC, Zero Capex and a transaction fee that will be levied on the basis of each financing event.
While speaking on the occasion Jigar Shah, the co-founder of Veefin said “In the next 2 quarters we intend to sign multi-year contracts with another six South Asian banks.
“Veefin is also excited to launch next version of Veefin, which will be blockchain compliant which will surely give us an edge over our competitors.” Added Shah.
Veefin offers key benefits such as reduced costs and higher efficiency to buyers, suppliers & distributors alike.