Veefin, a supply chain fintech startup, has raised $3 million in a Series A round from Rajesh Rajendran, a Dubai-based investor.
The fund will be used to expand the company’s product and engineering team.
Veefin, founded in 2010 by Gautam Udani and Raja Debnath, provides financiers with the shortest supply chain finance implementation timelines. Veefin claims to have signed more than half of its existing enterprise clients this year alone.
According to the website of the Mumbai-based firm, it has catered to over 350 customers, developed 200 mobile apps, and completed over 500 projects.
