Investment19 Dec 2024, 03:42 pm
Veefin Group raises INR 136cr for product development and acquisitions; aims to raise a further INR 155cr by Jan 2025
AI Summary
The Veefin Group of Companies, a leading technology partner for banks, financial institutions, and corporates in providing working capital solutions, has successfully completed an INR 136 Cr (~$11.5 million USD) funding round. The Group also announced that it is set to raise a further INR 155 Cr (~$13 million USD) in its next funding round in FY25. This investment will fuel Veefin Group's rapid global expansion and solidify its position as the leading global working capital technology platform.
Key Highlights
- Veefin Group raises INR 136cr for product development and acquisitions
- The Group is set to raise a further INR 155 Cr in the next funding round in FY25
- Funding will fuel Veefin Group's rapid global expansion
- Veefin Group is positioning itself as the working capital technology platform of choice
- Funding will drive faster business expansion across recently acquired companies