BPI would implement Veefin's end-to-end supply chain finance platform to enhance its digital SCF services for corporate clients and their supplier networks.
The platform will allow seamless digitization of supplier finance, receivables finance, and extended vendor financing, improving liquidity across supply chains, optimizing cash flows, and strengthening resilience for all stakeholders.
Veefin offers banks and financial institutions a single, API-driven platform for supply chain finance, transaction banking, and digital lending across different geographies. The company continues to scale its global presence in response to increasing demand for digitized working-capital finance solutions.
The Bank of the Philippine Islands is one of the Philippines' largest and most established financial institutions, with a robust footprint across retail, corporate, and institutional banking.
This partnership marks a definitive stride in Veefin's international expansion roadmap and reinforces the increasing global significance of its Deep Tier Finance model.
Implementation in the Philippines is foreseen to act as a strong reference for Veefin's further regional expansion in Southeast Asia, as well as other international markets,' Veefin Solutions said in a statement.
Veefin Group addresses every aspect of optimising working capital, by offering solutions across end-to end digital supply chain finance, digital identity verification and automated financial statement analysis, debt securitization, cash management, trade finance, automated accounts receivable (AR) & accounts payable (AP) and software consulting and services by deploying innovative, agile & scalable technology.
The company's consolidated net profit almost doubled to Rs 8.21 crore in H1 FY26 from Rs 4.13 crore recorded in H1 FY25. Net sales jumped to Rs 110 crore in H1 FY26 from Rs 19.09 crore registered in in H1 FY25.
The scrip had shed 0.12% to end at Rs 345.65 on the BSE on Friday.
Powered by Capital Market - Live News
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
What should you do if you receive a trading tip over phone or SMS?
Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in. Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: