Veefin Solutions and NSIA Group Partner to Transform Supply Chain Finance Across Five West African Markets

Veefin Solutions Limited, a global technology company specialising in transaction banking and digital lending infrastructure, today 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.

DIGITALISING SUPPLY CHAIN FINANCE ACROSS FIVE MARKETS

The platform will enable NSIA Group banks to launch Reverse Factoring and Factoring programmes, giving businesses and SMEs digital access to working capital. It will connect anchor corporates with their supplier and buyer networks on a single digital platform, automating processes from onboarding and invoice submission through approval and disbursement.

The solution will support early payments to suppliers through Reverse Factoring and unlock working capital against approved receivables through Factoring. Veefin will provide the platform licence and ongoing maintenance.

ADDRESSING THE SME FINANCING GAP

The partnership aims to address the significant SME financing gap in West Africa, where fragmented data, manual processes and traditional credit models can limit access to short-cycle working capital. By deploying Veefin's platform across five markets, NSIA Group can offer consistent digital SCF products while retaining market-specific flexibility.

"West Africa is undergoing a strong transition toward digital financial ecosystems that support SME growth and inclusion. Through our partnership with Veefin, we aim to strengthen our Supply Chain Finance capabilities and deliver more efficient working-capital solutions to businesses across the region. This initiative reflects our commitment to fostering innovation, financial accessibility and sustainable economic development." - Massetou Traoré, Deputy Managing Director, NSIA Group.

"Supply Chain Finance is becoming essential infrastructure for SME inclusion in emerging markets, and West Africa is experiencing strong momentum in this transformation. Our partnership with NSIA Group reflects a shared vision to build scalable, technology-led financing ecosystems that improve access to liquidity for businesses. Multi-country deployments such as this demonstrate how that vision is becoming reality - one anchor programme at a time." - Raja Debnath, Managing Director and CEO, Veefin Solutions Limited.

ONE PLATFORM. FIVE MARKETS. ONE COMMON ARCHITECTURE.

The deployment runs on Veefin's SCF platform, part of the broader Veefin 4.0 architecture. The platform supports financing programmes including PSB Xchange in India and the Kafalah SME credit guarantee programme in Saudi Arabia, as well as financial institutions across Asia, Africa and the Middle East.

OUTLOOK

The implementation is expected to go live progressively across the five banking entities, with Veefin and NSIA Group working together to expand product offerings and counterparty coverage in each market.

Shares of Veefin Solutions Limited was last trading in BSE at Rs. 249.65 as compared to the previous close of Rs. 246.90. The total number of shares traded during the day was 51200 in over 175 trades.

The stock hit an intraday high of Rs. 262.00 and intraday low of 245.00. The net turnover during the day was Rs. 12838980.00.

Source : Equity Bulls

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VeefinSolutions INE0Q0M01015 ITEnabledServices NISAGroup Parntership