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Veefin Acquires Singapore's GenAI Startup Walnut

  • Veefin Solutions, a listed fintech firm, has acquired a 50% share in Singapore-based GenAI startup Walnut in an all-cash transaction.
  • The acquisition will allow Veefin Group to assist corporate and financial clients in converting unstructured data into meaningful insights.
  • Walnut plans to extend its GenAI solutions to Veefin Group's more than 500 banking, economic, and corporate clients.
  • Walnut.ai, founded in 2020, leverages AI and machine learning to influence the future of companies worldwide.

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