Fintech powerhouse Veefin has significantly strengthened its position in the financial technology sector with the acquisition of a 26% stake in EpikIndifi, a leading software solutions provider. This strategic move, executed through a cash-and-share swap, values EpikIndifi at an impressive Rs 125 crore.

This acquisition marks Veefin’s third major deal this year, following its purchases of Nityo Infotech and Regime Tax Solutions, which operates TaxGenie and PayInvoice. The addition of EpikIndifi to Veefin’s portfolio is set to bolster its capabilities in digital retail lending, encompassing personal loans, green loans, buy-now-pay-later (BNPL) schemes, credit cards, mortgage loans, and SME loans. This expansion complements Veefin’s established strength in working capital solutions.

The co-founders of EpikIndifi—Rajendra Awasthi, Sushmitshri Babu, and Vaidyanathan Balasubramaniam—will integrate into the Veefin Group alongside their team. The acquisition is anticipated to foster new revenue streams and drive innovation in Veefin’s offerings.

Veefin has outlined plans to invest Rs 25 crore into EpikIndifi over the next two to three years, with a vision to expand its ownership and ultimately pursue a complete acquisition.

Founded in 2018, EpikIndifi provides banks and financial institutions with advanced solutions designed to enhance operational efficiency and compliance. Its loan origination platform is renowned for streamlining customer and employee interactions within a cloud-based framework, delivering speed, transparency, and profitability.

Veefin, co-founded by Raja Debnath and Gautam Udani in 2020, specializes in SaaS-based supply chain financing solutions. Its comprehensive platform supports anchor, vendor, and dealer onboarding, credit underwriting, and transaction management across a wide range of supply chain finance products. The company secured $3 million in funding in December 2021 to advance its global expansion efforts.