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flag Veefin acquires a 50% stake in GenAI startup Walnut for $2 million to boost credit decision-making.

flag Veefin, a Singapore-based digital supply chain finance platform, has acquired a 50% stake in GenAI startup Walnut for approximately $2 million. flag This marks Veefin's first international purchase and its fourth acquisition this year. flag The deal aims to enhance Veefin's credit decision-making capabilities using Walnut's generative AI technology, which processes unstructured data into actionable insights. flag Walnut will continue to operate independently and serves clients like DBS and Bank of Singapore.

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