Payplus Core
Platform ventures & infrastructure initiatives.
Payplus Core is our platform and technology venture arm. It houses two distinct but related initiatives: our authorised technology partnership with Veefin Solutions — giving us the right to market and introduce Veefin's enterprise supply chain finance platform to banks across Ghana and the region — and the Working Capital Exchange, a separately conceived national infrastructure initiative being built under its own company.
Initiative One
Veefin SCF Platform Partnership
Under a signed Teaming Agreement, Payplus Africa is formally authorised to market and introduce the Veefin Supply Chain Finance Platform to banks, NBFIs, and financial institutions across Ghana and West Africa. A live, contractual commercial relationship.
Initiative Two
Working Capital Exchange (WCX)
Under a signed Teaming Agreement, Payplus Africa is formally authorised to market and introduce the Veefin Supply Chain Finance Platform to banks, NBFIs, and financial institutions across Ghana and West Africa. A live, contractual commercial relationship.
Initiative One
We Build Fintech Platforms.
Under a signed Teaming Agreement, Payplus Africa is formally authorised to market and introduce the Veefin Supply Chain Finance Platform to banks, NBFIs, and financial institutions across Ghana and West Africa. A live, contractual commercial relationship.
Initiative One
The Veefin SCF Platform — Enterprise Supply hain Finance.
The Veefin Supply Chain Finance Platform is a modular, end-to-end enterprise SCF platform used by major banks and financial institutions across Asia, Africa, and the Middle East. Payplus Africa is authorised to represent and introduce it to financial institutions in Ghana and the region.
What the Platform Does
The Veefin SCF Platform enables banks and financial institutions to digitally manage the entire supply chain finance lifecycle — from client onboarding and credit underwriting through transaction management and collections — on a single, integrated technology stack.
It supports all major supply chain finance product types: receivables financing, invoice discounting, reverse factoring, vendor finance, dealer finance, purchase order financing, inventory finance, and more — including Shariah-compliant structures.
The platform is API-ready, integrates with ERP systems and core banking platforms, supports cloud and on-premises deployment, and includes AI-powered risk and fraud detection. It is no-code/low-code configurable — meaning banks can design and launch new SCF programmes rapidly without custom development.
Who It Serves
Lenders
Banks, NBFIs, fintechs, and alternate lenders looking to launch or scale scalable SCF programmes with full digital infrastructure from onboarding to collections.
Anchor Corporates
Large buyers that want to extend payment terms while giving their supplier networks access to early payment at favourable rates — improving supply chain resilience without straining relationships.
SME Borrowers & Suppliers
Businesses that need faster access to working capital — accessing financing against approved invoices without the delays and barriers of traditional credit processes.
Credit Guarantee Schemes
Development finance institutions and credit guarantee bodies running structured SCF programmes to de-risk SME lending and expand financial inclusion.
Four Core Modules
Onboarding
Self-service and assisted digital onboarding, KYC and AML screening, prequalification tools, document upload, and omnichannel lead qualification.
Underwriting & Risk
Multiple scorecard builder, AI-powered financial spreading, fraud and income validation, collateral assessment, business rules engine for decisioning, and audit trails.
Loan Management
End-to-end transaction and programme management, instrument lifecycle, finance lifecycle, limits management, charges and pricing, delinquency management, and GL mapping.
Collections
Multi-modal collection strategies, repayment appropriation, NPA management, write-offs, exception handling, SLA management, insurance, and escalation workflows.
Four Core Modules
Vendor Finance
Reverse Factoring
Factoring (with/without recourse)
Purchase Invoice Discounting
Sales Invoice Discounting
Distributor & Dealer Finance
Purchase Order Finance
Inventory / Warehouse Finance
Buyer-led Supply Chain Finance
Early Payment / Dynamic Discounting
Pre-shipment Finance
Deep Tier Finance
Islamic SCF (Murabaha, Tawarruq)
Trade Receivable Securitisation
AI-Powered Intelligence
Predictive analytics for risk assessment, AI-powered fraud and bot detection, real-time AML monitoring, and automated financial spreading — reducing manual intervention and improving credit quality.
Seamless Integration
API-ready connectivity with ERP systems, core banking platforms, payment gateways, credit bureaus, and e-invoicing platforms. Supports SWIFT and complies with ISO 27001 and SOC 2 standards.
No-Code / Low-Code
Banks can design, configure, and launch entirely new SCF products using a no-code product factory — without custom development. Rapid time-to-market with flexible, pay-as-you-use pricing models.
Eyebrow headline
Proven at scale across Asia, Africa & beyond.
Veefin's SCF Platform is deployed across major financial institutions on three continents — with a live African deployment at Bank of Kigali, Rwanda, providing direct regional precedent for Ghana.
Bank of Kigali — Rwanda
"The partnership with Veefin will help us boost efficiency and improve transparency in our loan processes. Our esteemed clients will be able to apply for any credit product using BK digital channels and will enjoy faster turnaround times."
Diane Karusisi, CEO — Bank of Kigalii
IndusInd Bank — India
"We extensively studied various SCF technology solutions and finally zeroed in on Veefin... Veefin's proposition as a tech partner that brought the complete onboarding to underwriting to loan management journey was superior to others."
Amitabh Saraff, Head SCF — IndusInd Bank
Central Bank of India
"After examining multiple vendors, Veefin's expertise and high-quality technology led us to onboard them as our tech vendor in our SCF journey."
V.V Natarajan, General Manager — Central Bank of India
City Bank — Bangladesh
"Veefin's solution helped the Bank in creating a straight-through process, and digitalizing the entire journey from customer acquisition to underwriting and transaction management."
Mashrur Arefin, CEO — City Bank
$2.5T
Global trade finance gap the platform addresses — World Bank
30%
Fraud reduction enabled by AI-powered monitoring — J.P. Morgan
IBSI
Recognised in the IBSI Spectrum Matrix for Supply Chain Finance Platforms, 2022–2025
Platform Build Capability
We have built a fintech platform from scratch.
In 2020, before our advisory practice took its current shape, Payplus built SEEDI — a regulated capital market investment platform for Ghana. That experience gave us something most advisory firms do not have: we know what it actually takes to build a financial technology product, not just advise on one.
What the Platform Does
SEEDI was a retail capital market application designed to give every Ghanaian — regardless of income — access to fixed income securities, equities, and mutual funds through a simple, mobile-first platform. The product vision was straightforward: democratise access to Ghana’s capital markets the way mobile money democratised payments.
We built the full product stack — product requirement documentation across nine drafts, UX and UI design across multiple iterations, backend system architecture, transaction flow design, accounting and ledger integration, and regulatory compliance documentation for both the SEC sandbox and the Bank of Ghana. We contracted iView Labs (India) as our technology development partner and managed the full software development lifecycle across multiple sprints.
What That Experience Enables
Product Strategy & Scoping
We can help you define what to build, for whom, and why — translating a financial services idea into a structured product specification that technology teams can execute against.
Regulatory Navigation
We have direct experience engaging the SEC's regulatory sandbox, the Bank of Ghana's licensing process, and GhIPSS's third-party membership requirements. We know the documentation, the sequencing, and the conversations.
Technology Partner Management
We managed a cross-border software development engagement with iView Labs in India — scoping sprints, reviewing deliverables, managing payments, and ensuring the product met our specifications. We can do the same for your build.
Business Model & Revenue Design
We developed multiple revenue models, 18-month financial projections, and SAFE financing structures for SEEDI. We understand how fintech platforms make money and how to build the commercial architecture around a product.
Banks & Financial Institutions
Banks that want to build proprietary digital products — customer-facing apps, internal platforms, or infrastructure — and need advisory support to scope, specify, and govern the build without getting lost in the complexity.
Fintech Founders & Entrepreneurs
Entrepreneurs with a financial services idea who need a seasoned partner to help them move from concept to structured product — avoiding the mistakes that kill most fintech builds before they reach market.
Development Organisations
Development finance institutions and programmes that need to build or support digital financial infrastructure as part of a broader financial inclusion, trade finance, or capacity development mandate.
Initiative Two
Working Capital Exchange — National Infrastructure for Ghana.
The Working Capital Exchange is not a product. It is a privately-led national infrastructure initiative — designed to function as a shared, neutral, multi-lender working capital exchange for Ghana's entire business ecosystem.
The Problem
Ghana’s businesses face a persistent working capital gap. Suppliers in major corporate supply chains wait 60 to 120 days for payment on approved invoices — constraining cash flow, limiting growth, and weakening entire supply chains. Most SMEs have no access to affordable, invoice-based financing.
Banks currently offer supply chain finance to only a fraction of eligible businesses — and typically only within their own client base. The result is fragmented, expensive, and inaccessible working capital financing across Ghana’s economy.
The WCX Solution
The Working Capital Exchange is a digital exchange — shared, neutral, privately operated — connecting buyers, suppliers, and multiple financiers on a single platform. Approved invoices can be financed by any participating financier, at competitive rates, regardless of which bank holds the buyer’s or supplier’s account.
WCX does not lend. It orchestrates — creating the infrastructure that allows existing financiers to reach more businesses more efficiently, with better risk controls and lower transaction costs.
Non-lending
Predictive analytics for risk assessment, AI-powered fraud and bot detection, real-time AML monitoring, and automated financial spreading — reducing manual intervention and improving credit quality.
Multi-lender
WCX is open to multiple financiers — banks, development finance institutions, and other capital providers — creating a competitive, liquid marketplace rather than tying buyers and suppliers to a single bank's programme.
National
WCX is conceived as infrastructure for Ghana's entire economy — not a product of any single institution. Its governance and ownership structure is designed to serve the national interest while operating on a commercially sustainable basis.
How WCX Works — The Four Participants
Anchor Buyers
Large corporates and public institutions that want to extend payment terms to improve their own working capital — without straining supplier relationships or damaging supply chain stability.
Suppliers & SMEs
Businesses that need early payment on approved invoices — accessing affordable liquidity without new debt, unlocking cash trapped in receivables cycles.
Financiers
Banks and capital providers that want access to a diversified, pre-screened pipeline of supply chain finance transactions — with structured risk profiles and reduced origination costs.
AI-Powered Intelligence
Predictive analytics for risk assessment, AI-powered fraud and bot detection, real-time AML monitoring, and automated financial spreading — reducing manual intervention and improving credit quality.
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In active development.
Working Capital Exchange Limited is being established as an independent company. The initiative has a constituted advisory board and is in active capital raise, with a development horizon through 2027. Payplus Africa serves as the founding orchestrator — leading governance design, stakeholder engagement, and the technology partnership with Veefin Solutions.
If you represent a bank, development finance institution, or anchor corporate with interest in participating in WCX as a financier, buyer programme partner, or strategic investor, we welcome the conversation.
Teaming Agreement signed with Veefin Solutions Limited — May 2024
Advisory board constituted and actively engaged
Capital raise phase underway
Working Capital Exchange Limited — registration in progress
Platform launch — target 2027