Press release - NEDFi Partners with Veefin Solutions to Revolutionize Digital Lending Operations in Northeast India.
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Veefin Solutions Ltd has signed a multi-year contract with North Eastern Development Finance Corporation Ltd (NEDFi), a premier financial institution serving North-East India, to deploy a comprehensive digital lending platform. The solution includes a Loan Origination System (LOS), Loan Management System (LMS), and Loan Collection System (LCS), along with dedicated mobile apps for sales, collection, and a customer portal. The platform will integrate with credit bureaus and banking APIs to support last-mile credit access across eight North-Eastern states. Veefin was selected through an extensive RFP-based process. Full implementation is expected within the next few months. The company calls this a "prestigious and strategically important assignment."
This partnership with a government-backed development finance institution represents a significant business win for Veefin Solutions, potentially expanding its revenue base and market presence in the Northeast region. The multi-year contract provides revenue visibility and enhances the company's credibility in the digital lending space.