Veefin Group partners with IWS Holdings to expand to Sri Lanka

The Veefin Group has announced a strategic partnership with IWS Holdings to introduce digital transformation to Sri Lanka's financial institutions. This collaboration, detailed in a press release dated September 23, 2025, will see Veefin deploy its working capital technology platform, offering solutions for supply chain finance, trade finance, cash management, and a digital lending suite.

This expansion aims to address a significant credit gap in Sri Lanka, where over 40% of SMEs remain unserved by formal financial institutions. Ms. Urja Harsh Thakkar, company secretary & compliance officer, confirmed the press release. The Veefin Group is headquartered in Mumbai, India, with offices in Singapore, Dubai, and Bangladesh.

The Veefin Group's product suite is designed to empower banks and lenders to efficiently serve MSMEs and corporates with scalable, fully digital solutions. The company has a track record of success in Asia, Africa, and the Middle East, and is actively involved in launching the PSBXchange in India, a unified SCF Ecosystem.