Get All Access for $5/mo

Veefin Group Acquires Digital Lending Firm EpikIndifi for INR 125 Cr This acquisition marks Veefin's third in just three months, as the company aims to transition from a digital supply chain finance provider to an end-to-end working capital finance platform.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Raja Debnath, Chairman and Co-Founder of Veefin

Digital supply chain finance and lending platform, Veefin Group of Companies (Veefin), has acquired EpikIndifi, a digital lending company, in a cash and equity swap deal valued at approximately INR 125 crore.

This acquisition marks Veefin's third in just three months, as the company aims to transition from a digital supply chain finance provider to an end-to-end working capital finance platform.

Veefin's acquisition spree began in June with Regime Tax Solutions, a GST compliance and accounts automation company, followed by Nityo Infotech's India arm in August. Together, these three deals represent an outlay of INR 215 crore, with the companies' combined valuations reaching around INR 400 crore.

Gautam Udani, Co-Founder and COO of Veefin, shared, "This has been a seminal year for the Veefin Group in building both in-house capabilities as well as leveraging inorganic growth opportunities to expand beyond supply chain finance and offer every single solution under the ambit of working capital finance to our Indian and global customers."

"The latest acquisition consolidates our position as market leaders in the digital lending ecosystem. EpikIndifi's leadership has a rich experience in the lending and retail loan segment," Udani added.

EpikIndifi, founded in 2017, specialises in digital banking solutions with products like Business.ezee, Identity.ezee, Lend.ezee, and Collect.ezee, which focus on intelligent decision-making, process optimization, and operational efficiency for financial institutions.

The company claims to have partnerships with over 55 banks, providing solutions across personal loans, BNPL schemes, mortgage loans, and more. With offices in Chennai, Bangalore, Melbourne, Sydney, and Singapore, EpikIndifi will complement Veefin's expansion into new geographies and services.

Raja Debnath, Chairman and Co-Founder of Veefin, underscored the importance of the acquisition in addressing the credit gap for small and medium businesses, particularly in India's supply chain finance sector, which has a deficit of INR 20-25 trillion. He reiterated Veefin's ambition to become the global leader in working capital finance.

EpikIndifi's CEO and Co-Founder, Rajendra Awasthi, said, "Being part of the Veefin Group of Companies is a formidable opportunity for EpikIndifi to bring a truly differentiated experience for our customers. The company has an incredible suite of solutions that will power banks and financial institutions to bring digital transformation to scale. We are extremely delighted to join hands with them in this mission."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Growth Strategies

Tata Motors: 45% Of EV Sales Come From Smaller Towns; Targets Installing Community Chargers

Category acceptance from smaller towns is the key to growth and we have achieved it, Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

News and Trends

Indian Venture Ecosystem Poised for Global Ascent: Recovery, IPO Resurgence, and 'Building for Bharat' to Define 2025

India's GDP is poised to scale from USD 4 trillion to USD 8 trillion over the next decade and will offer a playground that is remarkable for both founders and venture capital (VC) firms, said Pranav Pai, Founding Partner and CIO at 3one4 Capital.

News and Trends

India's Data Center Capacity to Reach 2,070 MW by End of 2025: CBRE

Cumulative investment commitments in the data center sector in India to cross USD 100 billion by 2027. Mumbai, Chennai, and Delhi-NCR to lead data center supply addition