Veefin Solution’s Lending Suite powers Select Africa’s digital shift

By Gloria Methri

Select Africa has partnered with Veefin Solutions to drive its digital transformation across multiple countries in South and East Africa. This strategic collaboration bolsters Select Africa’s commitment to focusing on the unbanked segment and enabling easier access to financial services.

Through this partnership, Select Africa will utilise Veefin Solutions’ end-to-end stack, including Onboarding, Loan Origination System, Loan Management System, Reporting Solution, and Collections Management System, to streamline its lending operations, deliver digital-first customer experiences, and foster innovation across its financial product offerings.

The multi-country rollout of Veefin’s Digital Lending Suite will also enable Select Africa to expand its market presence into new geographies, drive technology-led financial inclusion, and cater to a segment often neglected by the formal banking industry. As digital transformation becomes a key driver of financial services, this partnership reaffirms Select Africa’s vision of being a future-ready financial institution.

Wayne Faulds, CEO of Select Africa—Retail, expressed excitement about the partnership: “This collaboration with Veefin Solutions aligns perfectly with our vision of becoming a digitally driven financial institution that prioritises convenience, efficiency, and accessibility. By leveraging Veefin’s comprehensive lending suite, we are confident in delivering an unparalleled, digital-first lending experience to our customers across multiple geographies.”

Raja Debnath, Chairperson, Co-founder and CEO of Veefin Solutions, stated, “Select Africa’s decision to onboard Veefin’s Digital Lending Suite underscores their commitment to financial innovation and inclusion. As lending evolves, the adoption of advanced solutions is no longer an option but an absolute necessity. We are glad to be part of this journey with Select Africa and look forward to setting new industry benchmarks for financial inclusion.”