Veefin - About the company
Veefin is a public company based in Mumbai (India), founded in 2020 by Gautam Udani, Raja Debnath and Anuj Jain. It operates as a Provider of supply chain finance technology and digital lending solutions. Veefin has raised $3M in funding. The company has 115 active competitors, including 38 funded and 13 that have exited. Its top competitors include companies like FinBox, TransBnk and Kaleidofin.
Company Details
Provider of supply chain finance technology and digital lending solutions. The business offers a fully configurable lending platform with lending automation capabilities. It delivers digital origination and loan management system solutions for financial institutions. The company provides services for transaction banking, cash management, and trade finance. It also supports account receivables, corporate collections, and business process management.
- Website
- veefin.com
- Social
- Phone Number
- +91 **********
- Registered Address
- Global One, 2nd Floor, Office 1, Cts No 252 252 1, OPP SBI, LBS MARG, Kurla(w), Kurla, Mumbai, Mumbai, Maharashtra, India, 400070
Key Metrics
Founded Year
2020
Location
Mumbai, India
Stage
Public
Total Funding
$3M in 2 rounds
Latest Funding Round
Investors
Ranked
14th among 115 active competitors
Annual Revenue
₹80.4Cr as on Mar 31, 2025
Employee Count
25 as on Mar 31, 2025
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Veefin
Veefin is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VEEFIN SOLUTIONS LIMITED CIN: L72900MH2020PLC347893 , India, Active | Oct 14, 2020 | $9.52M (As on Mar 31, 2025) | 159 (As on Dec 31, 2024) | |
INFINI SYSTEMS LIMITED CIN: U72300MH2010PLC205096 , India, Active | Jul 01, 2010 | $3.93M (As on Mar 31, 2025) | 65 (As on Jul 31, 2025) |
Veefin's IPO details
Veefin got listed on Jul 05, 2023.
Click here to take a look at Veefin's IPO in detail
Sign up to download Veefin's company profile
Veefin's funding and investors
Veefin has raised a total funding of $3M over 2 rounds. Its first funding round was on Dec 23, 2021. Veefin has 1 institutional investor and 6 angel investors.
Here is the list of recent funding rounds of Veefin:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 19, 2024 | 5512739 | Post IPO | 5370472 | 4800784 | 4302959 | 5077459 |
Dec 23, 2021 | 3306686 | Series A | 9576476 | 5713262 | 4787158 |
Access funding benchmarks and valuations. Sign up today!View details of Veefin's funding rounds and investors
Veefin's founders and board of directors
Founder? Claim ProfileThe founders of Veefin are Gautam Udani, Raja Debnath and Anuj Jain. Shantanu Bairagi is the CEO of Veefin.
Here are the details of Veefin's key team members:
- Gautam Udani: Co-Founder & COO of Veefin and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
- Raja Debnath: Co-Founder & MD of Veefin. They serve on the board of 1 company.Contact Info: 1 email address
- Anuj Jain: Head - Founders' Office - Strategy & Growth of Veefin. Contact Info: 1 email address
- Shantanu Bairagi: CEO of Veefin. Contact Info: 1 email address
Veefin's Board of Directors
Veefin's board has 3 active members. Chetna Paresh Sutaria, Gautam Udani and Raja Debnath are part of team.Here is the list of Veefin's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 15y 9m | |
Team | - | Current | 15y 9m | |
Team | - | Current | 6y 3m | |
mmihasa | Team | - | Past | 2y 9m |
View details of Veefin's Founder profiles and Board Members
Veefin's employee count trend
Veefin has 25 employees as of Mar 25. The total employee count is 92.0% lower than what it was in Mar 24. Here is Veefin's employee count trend over the years:
Uncover Veefin's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Veefin's Competitors and alternates
Top competitors of Veefin include FinBox, TransBnk and Kaleidofin. Here is the list of Top 10 competitors of Veefin, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending | $51.1M | 69/100 | ||
2nd | Provider of open finance infrastructure for transaction banking and related services | $30M | 66/100 | ||
3rd | Kaleidofin 2017, Chennai (India), Series B | Financial services platform offering lending, credit assessment, and engagement | $44.7M | 66/100 | |
4th | Provider of supply chain financing solutions for small and medium enterprises | $270M | 65/100 | ||
5th | Provider of a platform facilitating trade credit and supply chain finance | $91.9M | 64/100 | ||
6th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
7th |  Knight FinTech 2019, Mumbai (India), Series A | A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance | $32.8M | 62/100 | |
8th | Provider of cloud-based digital lending software and solutions for financial institutions | $104M | 60/100 | ||
9th | Provider of working capital solutions and supply chain finance programs | $62M | 60/100 | ||
10th | Provider of supply chain finance and automation solutions for enterprises | $33M | 59/100 | ||
14th | Provider of supply chain finance technology and digital lending solutions | $3M | 56/100 |
_1554185494842.png?devicePixelRatio=2&height=30&width=30){kind=logo}
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Veefin's competitors? Click here to see the top ones
Veefin's Latest cap tables and shareholding
Founders (largest shareholder) own 64.66%, Funds own 0.26%, Enterprises own 24.12% and Angels own 10.78%. The net worth of Veefin's founders is INR 360Cr as of Feb 04, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 64.66% | 360Cr | 7415081 | 1288801 | 2686099 | 3212466 |
7303584 | 5577844 | 1421256 | 9954850 | 6475268 | 4794295 | |
5090401 | 7813287 | 6044020 | 7645055 | 8279460 | 3795732 | |
Fund | 0.26% | 1.49Cr | 0 | 0 | 0 | 0 |
Enterprise | 24.12% | 134Cr | 3893950 | 3097463 | 1854438 | 7638186 |
Angel | 10.78% | 60.7Cr | 7648503 | 3624070 | 4295514 | 5611465 |
Other People | 0.03% | 19.2L | 0 | 0 | 0 | 0 |
Total | 99.85% | 556Cr | 2152678 | 6352279 | 5919129 | 5326618 |
To unlock detailed Cap Table of Veefin Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Veefin's Shareholding
Veefin's Investments and acquisitions
Veefin has made 2 investments in The Walnut AI and TaxGenie and acquired ezee.ai.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 05, 2024 | Investments | 2020 | Singapore (Singapore) | |
Sep 17, 2024 | Acquisition | 2017 | Chennai (India) | |
Jun 18, 2024 | Investments | 2015 | Mumbai (India) |
Want to know more about where corporates are investing? Sign up today!Reports related to Veefin
Here is the latest report on Veefin's sector:
News related to Veefin
Filter this listMedia has covered Veefin for a total of 6 events in the last 1 year, 1 of them has been about people movement.
•
•
Veefin Appoints Niraj Vedwa as Senior Advisor to Boost Global StrategyCyberMedia India Online•Nov 24, 2025•Veefin
•
•
•
Veefin Solutions surges after acquiring 26.55% stake in White Rivers Media SolutionsUdaipur Kiran•Jul 03, 2025•White Rivers Media, Veefin
•
Veefin Solutions Reports 81% YoY Growth in Net Profit for FY25Asian News International•May 03, 2025•Veefin
•
Veefin to power Select Africa’s digital transformationRetailbankerinternational•Mar 04, 2025•Select Africa, Veefin
•
•
Invest Bank digitises supply chain finance offerings with VeefinFinextra•Feb 20, 2025•Invest Bank, Veefin
•
Invest Bank Partners with Veefin Solutions to Digitize Supply Chain Finance OfferingsIndiatimes•Feb 19, 2025•Invest Bank, Veefin
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Veefin
Explore our recently published companies
- Alkemio - Berkeley based, 2023 founded, Seed company
- Movement High School - Greenwood based, Unfunded company
- Georgina Alexander Weddings - Sutton based, Unfunded company
- State Farm Insurance - Apollo Beach based, Unfunded company
- Ed Sandate State Farm - Wichita based, Unfunded company
- Integrated Control Services - Lake Worth based, Unfunded company
