Acquisitions13 Aug 2024, 02:19 pm
Veefin Group Acquires Nityo Tech to Drive BFSI Digital Transformation
AI Summary
The Veefin Group of Companies has announced the acquisition of Nityo Tech Pvt Ltd, the India arm of Nityo Infotech Singapore. This is the second acquisition by Veefin in two months. Nityo Infotech is a leading provider of AI and ML solutions in the financial services sector, operating in over 44 countries and serving more than 3,000 clients globally. This acquisition will enable Veefin to extend digital transformation services across various banking verticals beyond lending, positioning itself as a comprehensive technology partner for banks.
Key Highlights
- Veefin Group acquires Nityo Tech Pvt Ltd, the India arm of Nityo Infotech Singapore
- Nityo Infotech is a leading provider of AI and ML solutions in the financial services sector
- This acquisition will allow Veefin to extend digital transformation services across various banking verticals
- Veefin aims to position itself as a comprehensive technology partner for banks
- Nityo Infotech operates in over 44 countries and serves more than 3,000 clients globally