Digital supply chain financier Veefin raises $3 mn in Series A funding

Veefin, a technology provider for supply chain finance (SCF), has secured $3 million funding from Dubai-based entrepreneur Rajesh Rajendran, said the company on Wednesday.

The Series A funding will be used to build product and engineering teams to enhance SCF technology based on the market’s evolving dynamics, said Veefin.

Mumbai-based Veefin, which was founded by Gautam Udani and Raja Debnath, provides financiers with the shortest implementation timelines for SCF.

“Our vision is to be the global leader in providing technology to lenders for Digital Supply Chain Financing. Our solution has been developed by bankers, for bankers and is the most