Veefin Solutions projects strong growth, eyes higher EBITDA margins

Veefin Solutions Limited reported 108% year-on-year revenue growth for the first half of FY26 on a standalone basis, with consolidated revenues jumping over 450%. EBITDA on a standalone basis increased by over 300%. The company is targeting 75% to 85% year-on-year revenue growth for FY26 on a standalone basis, and between 200% to 300% on a consolidated basis. Veefin achieved a 54% EBITDA profitability in its core supply chain finance business.

The company is strategically investing in IP creation across six enterprise-grade products built on Veefin's 4.0 shared architecture, including trade finance, cash management, corporate, retail, and internet banking. This investment is contributing to a strong qualified pipeline valued at $45 million across 85 deals in 24 countries, with 10 large deals exceeding $2 million each. Veefin expects to achieve a blended EBITDA margin of 25% at a consolidated level next year, potentially rising to 30-35% within three to four years.

In other developments, the amalgamation of subsidiaries is underway, expected to conclude in Q2-Q3 of FY27, aiming for EPS accretion and enhanced financial visibility. The company also announced a strong pipeline for PSBXchange, with expected transactions or approvals between 3,000 crores to 3,500 crores by year-end.