Photo Credit: Pixabay Select Africa, a financial institution in South Africa, on Monday, announced a partnership with Veefin Solutions Ltd, a supply chain fintech startup that listed on the BSE’s SME platform last year, to drive its digital transformation across multiple countries in South and East Africa. This collaboration, would help Select Africa’s further focus on the unbanked segment and enable easier access to financial services, the Mumbai-headquartered firm said in a statement. Through this partnership, Select Africa will utilise Veefin Solutions’ end-to-end stack, including onboarding, loan origination system, loan management system, reporting solution, and collections management system, to streamline its lending operations, deliver digital-first customer experiences, and foster innovation across its financial product offerings. The multi-country rollout of Veefin’s Digital Lending Suite will also enable Select Africa to expand its market presence into new geographies, drive technology-led financial inclusion, and cater to a segment often neglected by the formal banking industry. As digital transformation becomes a key driver of financial services, this partnership reaffirms Select Africa’s vision of being a future-ready financial institution. Wayne Faulds, CEO of Select Africa—Retail said that the collaboration with Veefin Solutions aligns perfectly with our vision of becoming a digitally driven financial institution […]
Select Africa taps Veefin’s digital lending suite for tech transformation
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