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Veefin Solutions Limited has been onboarded by PSN Finance, the NBFC arm of Cochin-based PSN Group, to deploy its digital lending technology stack. PSN Finance will use Veefin's Loan Origination System (LOS), Loan Management System (LMS), and the LOS-Ezee product across multiple lending lines. PSN Group has a turnover of over ₹1,500 crore and operates in fleet management and automobile parts distribution across South India. The PSN Finance NBFC, which earlier lent only to its own employees, plans to scale up lending across its dealership network and allied small businesses using Veefin's platform. No specific contract value was disclosed in the filing.
This is a positive client addition for Veefin Solutions, strengthening its position as a digital lending technology partner for NBFCs. The lack of disclosed contract value limits visibility on near-term revenue impact, but the engagement supports the company's growth narrative in India's digital lending space.