MODIFI provides B2B Buy Now, Pay Later (BNPL) and cross-border trade finance solutions that deliver instant working capital approval and integrated risk-management tools to protect against buyer defaults and fraud. The platform streamlines cross-border payments and aims to optimize cash flow for small and medium-sized exporters. Since its 2018 founding it has facilitated over $3 billion in global trade for more than 1,800 companies and operates in 55+ countries. MODIFI plans to accelerate expansion across Asia, including China and India, and deepen partnerships to support SME exporters. The company recently completed a $15 million strategic equity investment to fund growth and product rollout in high-growth Asian markets. As part of the partnership, MODIFI and SMBC signed a Memorandum of Understanding to jointly develop digital solutions for SME cross-border financing. Modifi operates a digital platform that helps exporters and importers facilitate cross-border payments, enabling suppliers to receive instant payments and buyers to defer payments for up to 180 days. Led by CEO Nelson Holzner, the company serves over 1,500 buyers and sellers across more than 50 countries and maintains offices in 11 locations including Amsterdam, Berlin, New York, Mexico City, Delhi, Mumbai, Shenzhen, Hong Kong, Singapore, Dubai and Dhaka. Founded in 2018, Modifi uses its platform to bridge liquidity between buyers and suppliers in international trade. The company received a $100M debt facility from HSBC Innovation Banking UK. Modifi intends to use the funds to expand operations and its business reach. The financing is structured as a debt facility to support growth and cross-border payment flows. Modifi is a global fintech that enables SMEs to finance and manage their international trades through a digital platform. The company serves over 1,000 buyers and sellers across more than 40 countries. It operates from nine offices in Berlin, Amsterdam, New York, Delhi, Mumbai, Shenzhen, Hong Kong, Dubai and Dhaka. Modifi intends to use the financing to expand its reach among SMEs that trade internationally on its platform. Led by CEO and co-founder Nelson Holzner, the company is upgrading its digital platform to expand the product offering beyond trade finance and consolidate trade-related activities in one place. The firm raised its Series B in September and is now pursuing additional capital in the form of this debt facility. Modifi is a New York City–based digital trade finance platform led by CEO and co-founder Nelson Holzner. The company provides SMBs with digital solutions to finance trades, protect against counterparty risk, and track and manage shipments across major trading regions. Its platform spans Europe, Asia, and North America—markets that represent roughly 80% of global imports and exports. Modifi serves over 1,000 buyers and sellers across more than 40 countries and operates nine offices in New York, Berlin, Amsterdam, Delhi, Mumbai, Dhaka, Shenzhen, Hong Kong, and Dubai. The company launched in the US, the Netherlands, and Bangladesh in the first half of 2021 after securing a $60M debt facility from Silicon Valley Bank. It plans to use the new equity funding to make major platform upgrades so customers can handle all trade-related activities in one place, including finding partners and managing FX risk. MODIFI is a Berlin-based fintech that fronts money for SMEs to pay or receive invoice payments, with terms commonly 30, 60 or 90 days and the option to finance outstanding invoices upon shipment. The company highlights the large unmet need in SME trade finance—about a 50% rejection rate that the article says equates to an annual funding gap of $1.5 trillion—and positions its platform as a digital alternative accelerated by the pandemic. MODIFI tripled its business over 2020 and expanded into China, Hong Kong, the UAE, Spain and most recently the Netherlands. The new funding is intended to address increased demand for existing marketing, continue growth, and push market penetration primarily in the US. Management says planned entrance to the US would position MODIFI as a digital trade finance platform operating across Europe, Asia and North America, covering roughly 80% of global imports and exports. The company has raised a total of $111 million in capital following the latest transaction.

Total raised

$344M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2024