Veefin Solutions Partners NSIA Group for Supply Chain Finance in West Africa

Veefin Solutions Limited has announced a strategic partnership with NSIA Group to expand Supply Chain Finance (SCF) capabilities across five NSIA banking entities in West Africa: Côte d’Ivoire, Senegal, Benin, Togo, and Guinea. This collaboration will leverage Veefin's technology platform to enable NSIA banks to offer Reverse Factoring and Factoring programs, providing SMEs with digital access to working capital. The initiative aims to address the SME financing gap in the region by connecting anchor corporates with their supplier and buyer networks on a unified digital platform, automating processes from onboarding to disbursement and facilitating early payments to suppliers. The deployment is expected to go live progressively, enhancing financial accessibility and supporting economic development.