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Veefin Marks First Overseas Acquisition With GenAI Startup Walnut

  • Fintech startup Veefin Solutions has acquired a 50% stake in GenAI startup Walnut in an all-cash deal.
  • Walnut's GenAI capabilities will help Veefin Group transform unstructured data into actionable insights for corporate and banking clients.
  • Walnut will continue to operate independently after the acquisition.
  • Veefin has been expanding its ecosystem through acquisitions and reported a profit of INR 4.13 Cr in Q2 FY25.

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