Trade Finance Platform MODIFI Expands Asia Operations with $15 Million
The Amsterdam and Berlin-based fintech platform MODIFI has secured $15 million in funding to accelerate its expansion across Asia, according to a company press release. The investment round was led by SMBC Asia Rising Fund, with participation from existing investors including Maersk, IntesaSanPaolo, and Heliad.
The B2B Buy Now, Pay Later (BNPL) solutions provider has signed a Memorandum of Understanding with Sumitomo Mitsui Banking Corporation (SMBC), one of Japan's leading banks, to develop digital solutions supporting SME exporters across Asia.
Since its founding in 2018, MODIFI has facilitated over $3 billion in global trade for more than 1,800 companies. The platform offers instant working capital approval and integrated risk management tools to protect businesses from buyer defaults and fraud.
"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. The company plans to focus its expansion efforts on high-growth markets, particularly China and India.
Recently recognized by Financial Times and Statista as one of the Fastest Growing European Fintech Companies in 2024, MODIFI operates across 55+ countries, providing solutions that optimize working capital and streamline cross-border payments.
SMBC's Keiji Matsunaga expressed confidence in the partnership, highlighting MODIFI's role in helping SMEs scale their export businesses by overcoming traditional trade barriers.
