Veefin Wins Supply Chain Finance Mandate from Bank of the Philippine Islands for Philippines Deployment

Veefin Solutions today announced that the Bank of the Philippine Islands (BPI) has officially awarded and signed its Supply Chain Finance (SCF) platform mandate with Veefin. This agreement marks an important milestone in the global expansion of Veefin and strengthens its position in Southeast Asia significantly.

The engagement represents Veefin's first signed deal in the Philippines and establishes a strategic footprint in one of the region's principal banking markets. It also includes Veefin's Deep Tier Finance capability, which means it can enable financing across extended supplier ecosystems, beyond Tier-1 vendors. The mandate constitutes a notable win with one of the largest and most respected financial institutions in Southeast Asia. the deal, BPI said it will implement Veefin's end-toend supply chain finance platform to enhance its digital SCF services for corporate clients and their supplier networks. The platform will allow seamless digitization ofsupplier finance, receivables finance, and extended vendor financing, improving liquidity across supply chains, optimizing cash flows, and strengthening resilience for all stakeholders.

This partnership marks a definitive stride in Veefin's international expansion roadmap and reinforces the increasing global significance of its Deep Tier Finance model. Implementation in the Philippines is foreseen to act as a strong reference for Veefin's further regional expansion in Southeast Asia, as well as other international markets.

Veefin offers banks and financial institutions a single, API-driven platform for supply chain finance, transaction banking, and digital lending across different geographies. The company continues to scale its global presence in response to increasing demand for digitized working-capital finance solutions. The Bank of the Philippine Islands is one of the Philippines' largest and most established financial institutions, with a robust footprint acrossretail, corporate, and institutional banking. This partnership fortifies BPI's commitment to delivering innovative, technology-enabled financing solutions to its corporate ecosystem.

Shares of Veefin Solutions Limited was last trading in BSE at Rs. 345.65 as compared to the previous close of Rs. 346.05. The total number of shares traded during the day was 33000 in over 52 trades.

The stock hit an intraday high of Rs. 351.00 and intraday low of 343.60. The net turnover during the day was Rs. 11473440.00.

Source : Equity Bulls

Keywords

VeefinSolutions INE0Q0M01015 ITEnabledServices BankofthePhilippineIslands SCFPlatform