Non-banking finance company Muthoot FinCorp has partnered with Veefin Solutions Ltd to launch supply chain finance operations in India. Muthoot FinCorp will utilize Veefin's technology to manage various aspects of supply chain finance, including onboarding suppliers and vendors, underwriting loans, and managing transactions. This partnership aims to enhance customer experience through a seamless process powered by contemporary technology. Muthoot FinCorp's CEO, Shaji Vargese, highlighted the importance of supply chain finance in optimizing working capital for buyers and suppliers, especially for MSMEs.
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