Veefin Solutions through its subsidiary Estorifi Solutions has acquired 50% stake consisting of 27,778 Equity shares of SGD 9.54 each of Walnut AI on November 5, 2024. Cost of acquisition is $2,000,000.
The objects of acquisition are increase in revenue by getting access to the large client database across multiple geographies and generate additional revenue; and building synergies by combining the resources and expertise of both entities to create new opportunities for growth and innovation.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
