Ujjivan Small Finance Bank Partners with Veefin Solutions to Enhance Supply Chain Finance for MSMEs

Ujjivan Small Finance Bank (Ujjivan SFB) has entered into a strategic partnership with Veefin Solutions, a leading Supply Chain Finance (SCF) solutions provider. Through this partnership, Ujjivan SFB aims to offer robust supply chain finance offerings to MSMEs in India. The partnership includes supplier and vendor onboarding, credit underwriting, transaction management, collections, and comprehensive analysis. The collaboration aligns with Ujjivan SFB's objective of extending financial solutions to the MSME sector, which faces a significant credit gap. Approximately 86% of MSMEs in India do not have access to credit. By leveraging Veefin's platform, Ujjivan SFB expects to address this gap and provide working capital loans to MSMEs. MD & CEO of Ujjivan Small Finance Bank, Ittira Davis, expressed his happiness about the partnership. MD of Veefin Solutions, Raja Debnath, welcomed Ujjivan SFB and emphasized the importance of financial institutions in expanding the SCF ecosystem.