The Bank of the Philippine Islands (BPI) has officially awarded and signed its Supply Chain Finance (SCF) platform mandate with Veefin Solutions. This agreement marks an important milestone in the global expansion of Veefin and strengthens its position in Southeast Asia significantly. 

The engagement represents Veefin's first signed deal in the Philippines and establishes a strategic footprint in one of the region's principal banking markets. It also includes Veefin’s Deep Tier Finance capability, which means it can enable financing across extended supplier ecosystems, beyond Tier-1 vendors. The mandate constitutes a notable win with one of the largest and most respected financial institutions in Southeast Asia. The deal, BPI said it will implement Veefin's end-to-end supply chain finance platform to enhance its digital SCF services for corporate clients and their supplier networks. The platform will allow seamless digitization of supplier finance, receivables finance, and extended vendor financing, improving liquidity across supply chains, optimizing cash flows, and strengthening resilience for all stakeholders. 

This partnership marks a definitive stride in Veefin's international expansion roadmap and reinforces the increasing global significance of its Deep Tier Finance model. Implementation in the Philippines is foreseen to act as a strong reference for Veefin's further regional expansion in Southeast Asia, as well as other international markets.

Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.