PSB Xchange Connects with WOGOM to Expand Institutional Credit Access Across 7000+ MSMEs
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Veefin Solutions' technology platform PSB Xchange has integrated with WOGOM, a B2B commerce platform, to enable institutional credit access for MSMEs. The integration connects 7,000+ MSMEs and 700+ distributors to financing supported by 12 Public Sector Banks. It targets a ₹5,000 crore credit pipeline for working capital and supply chain financing across India's MSME retail and distribution ecosystem. Real trade transactions on WOGOM will now be linked to bank-backed liquidity through PSB Xchange's multi-lender infrastructure. Over time, the partnership aims to help 2,000+ distributors transition from informal to institutional credit, subject to onboarding and eligibility. PSB Xchange is developed and powered by Veefin Solutions' technology, making this a strategic expansion of Veefin's platform reach.
This is a positive strategic development for Veefin Solutions as it expands the scale and reach of its PSB Xchange technology platform to a larger MSME base. However, no direct revenue figure or order value to Veefin is disclosed, so near-term financial impact remains unclear and the stock reaction may be modest.