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Veefin Group acquires Nityo Tech to strengthen its digital portfolio in the banking and financial services sector.
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The acquisition enables Veefin to offer a comprehensive range of digital transformation services to banks beyond lending.
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The combined expertise of Veefin and Nityo Tech will help banks accelerate their digital transformation journey.
Veefin Group, a leading player in digital supply chain finance, has acquired Nityo Tech, a provider of AI and ML solutions in the financial services sector. This acquisition marks the second takeover by Veefin in the past two months, demonstrating its commitment to expanding its digital portfolio.
The acquisition will enable Veefin to offer a unified ecosystem of digital transformation services to banks, including product engineering, AI, and data. With Nityo Tech’s expertise in AI and ML, Veefin will be able to provide an extended product suite to banks, positioning itself as a one-stop technology partner.
This acquisition is expected to accelerate the digital transformation journey of banks, leveraging Veefin’s strong brand presence in the banking sector. The combined expertise of Veefin and Nityo Tech will help banks digitize multiple verticals, driving growth and innovation in the financial services sector.
