Veefin buys Singapore’s GenAI startup Walnut, its fourth acquisition this year

Digital supply chain finance and lending platform Veefin has acquired Singapore-based GenAI company Walnut in an all-cash deal, marking its first international purchase and fourth this year after three acquisitions in the domestic market since June of the current year.

The company said it has bought a 50 per cent stake in an all-cash deal in Walnut which offers technology solutions to banks and financial institutions to manage complex and large-scale data sets.