BSECompany Update2d ago · 18 Aug 2026, 10:37 am
Veefin Solutions and NSIA Group partner to Transform Supply Chain Finance across Five West African Markets
Veefin Solutions Ltd · 543931
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Veefin Solutions Ltd has partnered with NSIA Group to expand supply chain finance capabilities across five West African markets, enabling businesses and SMEs to access digital working capital through reverse factoring and factoring programmes.
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Veefin Solutions Ltd - 543931 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: August 18, 2026
BSE Limited
P J Towers
Dalal Street,
Mumbai - 400001.
Scrip Code: 543931
Subject: Press Release
Reference: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations, 2015)
Dear Sir/ Ma’am,
In pursuance of Regulation 30 of the SEBI LODR Regulations, 2015, we are enclosing herewith Press
Release titled ‘Veefin Solutions and NSIA Group Partner to Transform Supply Chain Finance Across
Five West African Markets’
You are requested to kindly take the same on your records.
Thanking you,
For VEEFIN SOLUTIONS LIMITED
GAUTAM VIJAY UDANI
WHOLE-TIME DIRECTOR
03081749
JOINT PRESS RELEASE
Veefin Solutions and NSIA Group Partner to Transform
Supply Chain Finance Across Five West African
Markets.
Multi-country deployment of Reverse Factoring and Factoring to expand formal working-capital
access for SMEs across Côte d’Ivoire, Senegal, Benin, Togo and Guinea
STRATEGIC PARTNERSHIP TO EXPAND DIGITAL WORKING CAPITAL ACCESS
Mumbai, India | 18th August, 2026 — 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
V eefin Solutions Limited | NSIA HOLDING FINANCIERE Page 1
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.
ABOUT VEEFIN SOLUTIONS LIMITED
Veefin Solutions Limited (BSE: VEEFIN) is a global technology company focused on transaction banking and
digital lending solutions for banks, financial institutions and enterprises. Its Veefin 4.0 platform provides
digital solutions across Supply Chain Finance, trade finance, cash management, loan management, loan
origination, collections and corporate banking. Veefin’s solutions are in production at more than 50 financial
institutions across Asia, Africa and the Middle East.
www.veefin.com
ABOUT NSIA HOLDING FINANCIERE
NSIA HOLDING FINANCIERE oversees the financial activities of NSIA Group and coordinates its banking
subsidiaries in Côte d’Ivoire, Benin, Senegal, Guinea and Togo. Through its banking subsidiaries, NSIA Group
offers financial solutions focused on economic development, financial inclusion and business growth across
Africa.
Press Contact:
Veefin Solutions Limited – varun@veefin.com , ruchita@veefin.com
V eefin Solutions Limited | NSIA HOLDING FINANCIERE Page 2