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

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

5 months ago
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