NAIROBI,
Kenya, April 16, 2024 /PRNewswire/ --
Africa is at the forefront of
digital transformation, and the region's banking industry is a
hotspot for innovative solutions to existing problems. Veefin,
a global leader in Digital Lending & Supply Chain Finance, has
partnered with Computech Limited, a major systems integrator in
East Africa, to provide digital
lending and supply chain financing solutions for financial
institutions in the country.
This partnership with Computech Limited will allow Veefin to
provide its revolutionary, compact, and accessible solutions to
prominent financial institutions in Africa. In addition, the company intends to
streamline and automate supply chain finance for financial
institutions in the East African regions.
Raja Debnath, Managing
Director of Veefin Solutions, said, "We are
delighted to partner with Computech Limited systems and incorporate
their local knowledge and bespoke digital transformation strategy
to expand the reach of our unique supply chain finance solutions in
East Africa. This partnership is
expected to benefit BFSIs in Africa, providing them with a firsthand
experience of our solution that they may have previously missed out
on."
With a vision to make cutting-edge technology available to
lenders of all sizes, Veefin has broken traditional entry barriers
to adopting technology in the BFSI space. Veefin is reimagining
Supply Chain Finance and Digital Lending through innovative, agile,
and scalable technology.
Mr. Santhosh Kumar Kandayath, Chief Executive Officer –
System Integration, Regional Business & Transformation Leader
of Computech Limited, said, "Combining our expertise in
digital transformation with Veefin's Global-First &
one-of-a-kind digital SCF solution is a step forward in our
objective of providing financial institutions with holistic
technological solutions. The partnership will facilitate the
adoption of a scalable technology solution for lending by Financial
Institutions across East Africa,
thus enabling them to extend their reach within the MSME segment.
"
In addition to Veefin's innovative solutions, Computech's
extensive regional presence and 30 years of experience have helped
businesses, especially in the BFSI segment, overcome traditional
barriers to technology adoption.
About Veefin Solutions Limited:
Veefin Solutions Limited is a global leader in Digital Supply
Chain Finance. Listed on BSE SME, it builds white-labelled Supply
Chain Finance and Lending solutions including end-to-end Lending
Stack, Smart Credit Decisioning, Business Intelligence, Analytics
and Omni-channel Onboarding for Banks, Financial Institutions,
Fintechs, B2B marketplaces, and Corporates.
For more details visit Website | LinkedIn | Facebook |
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SOURCE Veefin Solutions Ltd.