Veefin merges GlobeTF & Estorifi to streamline fintech operations

Veefin’s board has approved merging GlobeTF Solutions and Estorifi Solutions with Veefin Solutions Ltd. to streamline operations, optimize assets, reduce costs, and enhance investor value. The company will issue shares for GlobeTF and Estorifi holdings, with promoters giving up 2.1 million shares worth INR 82 Cr, raising their stake to 37.85%. Veefin, founded in 2020, offers supply chain financing and posted a 112% profit surge to INR 20.5 Cr in FY25.