The global market for Supply Chain Finance is estimated to be $14 trillion. A bulk of the credit demand is being witnessed across the MSME segments from manufacturing hubs across North, East and West Africa in countries including Ghana, Zambia, Angola, Kenya and Malawi followed by Asian countries including India, Sri Lanka and Singapore.
Veefin has partnered with more than 25 experts, each with over 20 years of experience across Banking, Financial Solutions and SCF to bolster its market outreach across these regions.
Leading as Country Heads in different regions, the experts will deepen market outreach for Veefin which has built a Lender-first end-to-end SCF platform covering Onboarding, Underwriting and SCF Loan Management across the entire suite of SCF products including Purchase Order Funding, Invoice Discounting, Reverse Factoring, Factoring, Distributor Financing and even Dynamic Discounting. Veefin uses cutting edge technology to provide seamless integration with all existing bank systems and processes and a ready to deploy out-of-the-box solution to reduce the time to go-to market.
Raja Debnath, Co-founder & CEO, Veefin said in a statement, “SCF is the safest lending solution for Lenders to expand their SME lending portfolio. There are significant underserved credit populations across the world, creating a phenomenal opportunity for Banks and Financial Institutions to step up credit access to them. We are happy to be at the forefront of providing innovative, relevant and smart technology solutions to these lenders and to help them to further power the growth drivers of the economy. Now, with the introduction of Deep-Tier Financing, we intend to unlock the actual potential of SCF by aiming to triple the vendor finance portfolio of our client banks.”
