Veefin Group has secured a 26 per cent stake in software solutions provider EpikIndifi through a cash-and-share swap deal, valuing the company at Rs 125 crore. This marks Veefin’s third significant acquisition in 2024, following its purchases of Nityo Infotech and Regime Tax Solutions, which operates TaxGenie and PayInvoice.
As part of the agreement, EpikIndifi’s co-founders, Rajendra Awasthi, Sushmitshri Babu and Vaidyanathan Balasubramaniam, along with their team, will join Veefin Group. The acquisition is designed to enhance Veefin’s digital lending capabilities across various sectors, including personal loans, green loans, BNPL schemes, credit cards, mortgage loans and SME loans, complementing its established strength in working capital solutions.
Veefin has also announced a planned investment of Rs 25 crore into EpikIndifi over the next two to three years, aiming for a complete acquisition. Founded in 2018, EpikIndifi provides cloud-based loan origination platforms that improve efficiency, transparency, and regulatory compliance for banks and financial institutions.
