Veefin Solutions announces strategic partnership with NSIA Group

Veefin Solutions announced a strategic partnership with NSIA Group to expand Supply Chain Finance (SCF) capabilities across five NSIA banking entities in West Africa ? C?te d'Ivoire, Senegal, Benin, Togo and Guinea.

The platform will enable NSIA Group banks to launch Reverse Factoring and Factoring programmes, giving businesses and SMEs digital access to working capital. It will connect anchor corporates with their supplier and buyer networks on a single digital platform, automating processes from onboarding and invoice submission through approval and disbursement.

The solution will support early payments to suppliers through Reverse Factoring and unlock working capital against approved receivables through Factoring. Veefin will provide the platform licence and ongoing maintenance.

The partnership aims to address the significant SME financing gap in West Africa, where fragmented data, manual processes and traditional credit models can limit access to short-cycle working capital. By deploying Veefin's platform across five markets, NSIA Group can offer consistent digital SCF products while retaining market-specific flexibility.