• Latest
  • Trending
MODIFI raises $15 million to boost cross-border trade for SMEs

MODIFI raises $15 million to boost cross-border trade for SMEs

6 November 2024
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Will Aluminium price sustain current rally amid rising Middle East conflict?

23 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Vessel Position Report

23 June 2025
Accenture forecasts slower growth as clients cut tech spending

Accenture forecasts slower growth as clients cut tech spending

23 June 2025
xAI’s Grok models are now on Oracle Cloud Infrastructure

xAI’s Grok models are now on Oracle Cloud Infrastructure

23 June 2025
Iran threatens to block Strait of Hormuz after US strikes

Iran threatens to block Strait of Hormuz after US strikes

23 June 2025
LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

23 June 2025
Data Story: Indian spices prices

Data Story: Chilli exports highest among spices in FY25 from India

22 June 2025
Data Story: Cochin Port achieves highest ever cargo traffic in FY25

Data Story: Cochin Port achieves highest ever cargo traffic in FY25

22 June 2025
Group of shareholders ask investors to vote against Elon Musk’s pay package, says Report

Tesla to open first showroom in India this July

21 June 2025
Data Story: Global Oil Price Fluctuations

Data Story: Brent crude jumps 18% in 10 days amid Israel-Iran conflict

20 June 2025
SpaceX could hit $350 billion valuation

Testing failure adds to a growing list of Starship setbacks, what about Mars’ dream now?

20 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Shipping charges jump, what next?

20 June 2025
  • Careers
  • Advertisement
Tuesday, June 24, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result
Home Business

MODIFI raises $15 million to boost cross-border trade for SMEs

by databiztimes.com
in Business
Reading Time: 2 mins read
0
MODIFI raises $15 million to boost cross-border trade for SMEs

DBT Bureau

Pune, 6 Nov 2024

MODIFI, a global platform in B2B Buy Now, Pay Later solutions, reported the successful completion of a $15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, IntesaSanPaolo, Heliad and other top-tier global investors. Sumitomo Mitsui Banking Corporation brings both capital and strategic alignment to the partnership. Beyond the equity investment, MODIFI and SMBC have signed a Memorandum of Understanding (MoU) to jointly advance digital solutions that support SME exporters across Asia in expanding their international trade operations. Through a series of joint initiatives, MODIFI and SMBC aim to empower SMEs with innovative cross-border financing solutions.

The announcement comes on the sidelines of the Singapore Fintech Festival, showcasing MODIFI’s drive for innovation in the global fintech landscape. This new capital infusion will accelerate MODIFI’s expansion, particularly in high-growth markets like China and India, where the company has already made significant inroads. MODIFI’s platform delivers critical liquidity and flexible payment terms to small and medium-sized enterprises, helping them optimize cash flow and expand their international reach.

“The funding underscores the strength of our business and the confidence our investors have in our vision for the future,” said Nelson Holzner, CEO and Co-founder of MODIFI. “As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders.”

MODIFI’s exponential growth has solidified its position as a market leader in cross-border payments and trade finance. Recognized by Financial Times and Statista as one of the Fastest Growing European Fintech Companies in 2024, MODIFI has facilitated over $3 billion in global trade for more than 1,800 companies since it was founded in 2018. The platform offers instant working capital approval, alongside integrated risk management tools that shield businesses from buyer defaults and fraud.

“Our mission is simple: We empower SMEs to compete and thrive in the global market with fast, flexible, and secure payment solutions,” added Holzner.”With this fresh funding, we’re set to redefine global trade finance—ensuring businesses of all sizes can unlock the liquidity and get the protection they need to grow internationally.”

“By transforming cross-border supply chain finance for the digital age with their global presence, we believe MODIFI supports SMEs to scale their export businesses with ease. We look forward to collaborating with MODIFI to empower our corporate clients to expand their businesses globally with agility and financial flexibility overcoming traditional trade barriers.”, said Keiji Matsunaga, General Manager of Digital Strategy Department, SMBC.

databiztimes.com

databiztimes.com

Related Posts

InCred buys Stocko to start retail trading and prepare for future IPO

InCred buys Stocko to start retail trading and prepare for future IPO

by databiztimes.com
17 June 2025
0

Athira Sethu Kochi, 17 June 2025 InCred Money, which provides lending and wealth services, will acquire a trading platform Stocko....

CRED raises $72 million as valuation drops to $3.5 billion

CRED raises $72 million as valuation drops to $3.5 billion

by databiztimes.com
10 June 2025
0

Athira Sethu Kochi, 10 June 2025 CRED, a Bengaluru-based fintech firm, has raised $72 million (approximately Rs 617 crore) in...

Bayer launches BICOTA, an innovation-backed solution for managing Stem Borers in Paddy cultivation

Bayer launches BICOTA, an innovation-backed solution for managing Stem Borers in Paddy cultivation

by databiztimes.com
8 June 2025
0

DBT Bureau Pune, 8 June 2025 Bayer, a global enterprise with core competencies in the life science fields of agriculture...

Samsung makes buying AI Appliances easier with quick digital loans

Samsung makes buying AI Appliances easier with quick digital loans

by databiztimes.com
6 June 2025
0

DBT Bureau Pune, 6 June 2025 Samsung, India’s largest consumer electronics brand has expanded its popular digital lending program, Samsung...

DBT Bureau

Data Biz Times © 2025. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2025. All Rights Reserved.