Veefin Group of Companies Acquires 100% Stake in Nityo Tech Pvt Ltd Veefin Group of Companies has announced its latest acquisition via one of its subsidiaries, acquiring 100 per cent of Nityo Tech Pvt Ltd, which is Nityo Infotech Singapore's India invested business

By Entrepreneur Staff

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

Company handout

Veefin Solutions Limited, a leading digital supply chain finance company, has made a strategic acquisition through one of its subsidiaries, purchasing 100 per cent of Nityo Tech Pvt Ltd, an Indian entity invested by Nityo Infotech Singapore. This marks Veefin's second acquisition in just two months, solidifying its position at the forefront of the banking sector's rapid digital transformation. By leveraging its existing infrastructure, Veefin will expand its digital transformation services beyond lending to various banking verticals. With a strong brand presence in the banking sector, Veefin will offer a comprehensive suite of services and solutions within a unified ecosystem, focusing on product engineering, AI, and data. This acquisition enables Veefin to further establish itself as a key player in the banking sector's digital evolution, driving innovation and growth.

"We are pleased to welcome Nityo Infotech to our expanding portfolio of offerings. At Veefin, we have always believed that digitization is crucial for growth in the banking sector. This acquisition enables us to provide an extended product suite to banks aiming to digitise multiple verticals, positioning Veefin as the sole technology partner banks will ever need," said Raja Debnath, chairman of the Veefin Group of Companies.

Naveen Kumar, founder & CEO of Nityo Infotech, stated, "We're thrilled to finalise this acquisition with the Veefin group. Our combined expertise will help banks accelerate their journey towards digital transformation. With Veefin's strong presence in the financial sector, our reach to financial institutions is set to grow significantly within one unified ecosystem."

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.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

More Than a Quarter of Your Email List May Be Bad – Here Are 5 Ways to Clean It

At least 28% of your email list could have gone bad over the past year. Do these simple things to clean it up and stop sending emails into a void.

Growing a Business

What's the Best Way to Start a Business? The Answer Isn't Creating a Flashy Product — It's This

Avoid the costly pitfalls of overbuilding products too soon and better understand your customers by focusing on your service, not your product.

Leadership

W.A.I.T. Before You Speak — and Make Every Conversation More Impactful

When professionals embrace silence and intentional communication, they create space for innovation, trust and more meaningful conversations.

Business News

Amazon CEO Andy Jassy Says the 'Way to Get Ahead' at Amazon Isn't By Overseeing a 'Giant Team and Fiefdom'

Jassy spoke out in a leaked recording against having a heavy layer of middle management at Amazon.