Veefin acquires 26% stake in EpikIndifi to expand digital retail lending solutions
09/17/24, 7:15 AM
Location
Industry
finance
financial services
software
Veefin, a fintech firm, has acquired a 26% stake in software solution provider, EpikIndifi in a cash-and-share swap deal. This acquisition will help Veefin to add new revenue streams through digital retail lending across various loan products in addition to its existing heft in working capital solutions. Veefin also plans to invest Rs 25 crore into EpikIndifi over the next two to three years and expand their ownership in the company for a complete acquisition.
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