Mumbai-based Veefin Group of companies has raised Rs 136 crore in a recent funding round. The company also plans to raise over Rs 155 crore by January 2025.

The funds raised will be used for product development, acquisition and global expansion of the company. A portion of the funds will also be used for rapid business expansion across the recently acquired companies of the Veefin Group.

Recently, the group acquired EpicIndifi, a banking-focused software solutions company valued at Rs 125 crore. Veefin also acquired Regime Tax Solutions, a GST compliance and automation platform, in June. In August, the company also acquired Nityo Infotech.

These acquisitions help the company to grow its technology and grow its clients in various sectors. The company's clients include I