Veefin Solutions has informed that in a significant step towards transforming MSME financing in India, State Bank of India has signed up for the world’s largest unified Supply Chain Finance (SCF) platform, PSBX change by PSB Alliance, developed and powered by Veefin Solutions. This collaboration marks a critical milestone in enabling broader financial inclusion for MSMEs in the country. This platform is on track to become the common technology bridge for all banks and NBFCs in the country to source and provide supply chain finance and small business loans. This unified platform is a global first that will connect Fintechs, B2B marketplaces, Accounting Service Providers, new-age data providers with the core banking system of multiple lenders.
The above information is a part of company’s filings submitted to BSE.
