Veefin Options Ltd has acquired a stake in Mumbai-based Regime Tax Options. The transfer integrates Regime’s GST compliance and accounts automation options, TaxGenie and PayInvoice, with Veefin’s platform. The combination allows banks and monetary establishments to supply an answer combining provide chain finance with GST compliance and bill processing.
Veefin’s Managing Director, Raja Debnath; CFO Payal Maisheri; and Director Afzal Modak; will be part of Regime’s board, whereas CEO Rakesh Dube will proceed to guide the corporate. It mentioned final 12 months, over 200 corporates had used PayInvoice to course of invoices value ₹65,000 crore, and TaxGenie had facilitated GST filings for over 1,000 company GSTINs.
This partnership goals to boost AR/ AP capabilities for company purchasers, to offer monetary establishments with instruments for managing monetary and tax compliance procedures.
Nevertheless, the shares had been down 1.24 per cent at ₹314 on the BSE.
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