H2 FY25: Veefin’s Profit Jumps 94% to INR 16.35 Cr, Signals Boom

Veefin’s H2 FY25 profit jumps 94% to INR 16.35 Cr, showcasing its robust growth in the fintech SaaS sector. This article dives into Veefin Solutions’ stellar financial performance, exploring its revenue surge, strategic acquisitions, and market expansion. We’ll unpack the numbers, analyze key drivers behind the profit leap, and discuss what this means for Veefin’s future in the competitive digital lending and supply chain finance space.

Introduction: Veefin’s H2 FY25 Profit Jumps 94%

Imagine a fintech company that not only survives but thrives in a crowded market, posting numbers that make investors sit up and take notice. That’s exactly what Veefin Solutions has done in H2 FY25, with its profit jumping 94% to INR 16.35 Cr. This isn’t just a number—it’s a testament to Veefin’s ability to innovate, scale, and deliver value in the digital lending and supply chain finance space. From a 274% year-on-year (YoY) revenue surge to strategic acquisitions, Veefin’s H2 FY25 performance is a story of ambition and execution. Let’s dive into the details and see what’s fueling this fintech SaaS provider’s meteoric rise.

Breaking Down Veefin’s Financial Performance

Veefin Solutions, a BSE SME-listed fintech SaaS company, has turned heads with its H2 FY25 results. The numbers speak for themselves, but let’s break them down to understand the scale of this achievement.

Revenue Surge: A 274% YoY Leap

In H2 FY25, Veefin’s operating revenue skyrocketed by 274% YoY, reaching INR 59.51 Cr compared to INR 15.92 Cr in H2 FY24. Including other income of INR 1.70 Cr, the total revenue hit INR 61.21 Cr. On a sequential basis, this marks a 211% jump from INR 19.09 Cr in H1 FY25. This explosive growth reflects Veefin’s ability to capture market demand for its no-code lending and supply chain finance platforms.

Profit Jumps 94% to INR 16.35 Cr

The headline-grabbing figure is Veefin’s H2 FY25 profit, which soared 94% YoY to INR 16.35 Cr from INR 8.42 Cr in H2 FY24. Sequentially, the profit grew by an astounding 292% from INR 4.17 Cr in H1 FY25. This profit jump underscores Veefin’s operational efficiency and its knack for turning revenue growth into bottom-line gains.

Full-Year FY25: A 112% Profit Boost

For the full fiscal year FY25, Veefin’s profits climbed 112% to INR 20.52 Cr from INR 9.67 Cr in FY24. The company’s top line also saw a 222% increase, reaching INR 80.44 Cr compared to INR 24.99 Cr in FY24. These numbers highlight Veefin’s consistent growth trajectory and its ability to scale rapidly in a competitive fintech landscape.

What’s Driving Veefin’s Success?

So, what’s behind Veefin’s H2 profit jumping 94% to INR 16.35 Cr? It’s not just luck—several strategic moves and market trends have converged to propel Veefin forward.

Strategic Acquisitions Fuel Growth

Veefin has been on an acquisition spree, expanding its portfolio to strengthen its core offerings. In 2024 alone, the company made significant buyouts:

• December 2024: Acquired a 50% stake in Singapore-based GenAI startup Walnut AI for $2 Mn.
• September 2024: Picked up a 26% stake in EpikInDiFi in a share-swap deal valued at INR 125 Cr.
• August 2024: Bought the Indian arm of global IT services provider Nityo Infotech.
• February 2025: Acquired a 49% stake in digital marketing agency White Rivers Media for $16.66 Mn.

These acquisitions have diversified Veefin’s capabilities, from AI-driven solutions to digital marketing, enhancing its value proposition for clients.

Expanding Clientele and Market Reach

Veefin’s partnerships with major financial institutions have been a game-changer. In 2025, four leading public sector banks—Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank—signed up for Veefin’s PSBXchange, the world’s largest unified Supply Chain Finance (SCF) platform. This collaboration is a milestone in enabling financial inclusion for MSMEs in India. Additionally, partnerships with institutions like Invest Bank in the UAE and Select Africa demonstrate Veefin’s global ambitions.

Innovative SaaS Solutions for Digital Lending

At its core, Veefin’s success lies in its innovative SaaS platform, which streamlines the entire lending lifecycle—from onboarding to loan management and collections. Its no-code, white-labeled platform caters to lenders of all sizes, from small fintechs to large banks. This flexibility has made Veefin a go-to solution for digital lending and supply chain finance, driving adoption and revenue growth.

Veefin’s H2 FY25: A Closer Look at the Numbers

Let’s zoom in on the financials to see what’s powering Veefin’s H2 FY25 performance. The 274% YoY revenue growth to INR 59.51 Cr is impressive, but it’s the profit jump of 94% to INR 16.35 Cr that steals the show. Here’s a snapshot:

• Expenses: Total expenses rose 198% to INR 44.87 Cr in H2 FY25 from INR 15.06 Cr in H1 FY25, driven by investments in acquisitions and employee benefits.
• Employee Costs: Veefin spent INR 5.54 Cr on employee welfare in Q2 FY25, up 130% YoY, reflecting its growing workforce of over 200 employees.
• EBITDA: The company’s EBITDA grew 98% YoY, showcasing improved operational efficiency.

Despite the expense surge, Veefin’s ability to maintain healthy margins highlights its disciplined financial management. The 292% sequential profit growth from H1 FY25 further underscores its momentum.

Challenges and Missed Guidance: A Reality Check

While Veefin’s H2 FY25 profit jumps 94% to INR 16.35 Cr, it’s not all smooth sailing. The company missed its FY25 revenue guidance of INR 100–110 Cr, posting INR 80.44 Cr instead. This shortfall sparked some investor skepticism, as reflected in posts on X, where users noted the gap despite praising the overall results.

Additionally, Veefin’s share price has been volatile, dropping 18.96% in late March 2025 to INR 268.70, continuing a 60% erosion since January. The company also faced rumors affecting its reputation, prompting a February 2025 exchange filing to address “baseless” claims and announce legal action. These challenges highlight the pressures of being a publicly listed SME in a competitive market.

The Road Ahead for Veefin Solutions

Veefin’s H2 FY25 performance sets the stage for an exciting future. With a robust pipeline of acquisitions and partnerships, the company is well-positioned to maintain its growth trajectory. Management has hinted at sustaining similar growth rates in FY26, though they’ve avoided specific guidance after the FY25 miss.

The company’s focus on global expansion, particularly in Africa and the Middle East, could open new revenue streams. Its investments in AI and digital marketing through acquisitions like Walnut AI and White Rivers Media signal a broader vision beyond fintech. However, Veefin must address share price volatility and investor concerns to maintain confidence.

Conclusion: Veefin’s Bright Future in Fintech

Veefin’s H2 FY25 profit jumping 94% to INR 16.35 Cr is more than a financial milestone—it’s a signal of its potential to reshape the fintech SaaS landscape. With a 274% revenue surge, strategic acquisitions, and partnerships with global financial giants, Veefin is carving a niche in digital lending and supply chain finance. While challenges like missed guidance and share price volatility linger, the company’s fundamentals remain strong. As Veefin continues to innovate and expand, it’s a name to watch in the fintech world.