Veefin raises $3 Mn in a Series A round

Supply Chain Fintech startup Veefin has raised $3 million in a Series A round from Dubai-based investor Rajesh Rajendran.

The company plans to implement the fund to scale up their product and engineering team.

Founded in 2010 by Gautam Udani and Raja Debnath, Veefin offers financiers with the shortest implementation timelines for supply chain finance. Veefin claims that it has signed over half of their existing enterprise clients this year itself.

According to the Mumbai-based firm's website, it has catered to over 350 customers, developed 200 mobile apps and executed more than 500 projects.