MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, has successfully closed a $15 million funding round led by the SMBC Asia Rising Fund, with additional investment from long-time supporters, including Maersk, IntesaSanPaolo, and Heliad. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s top financial institutions, adds strategic value beyond capital, as the two firms also signed a Memorandum of Understanding (MoU) to collaborate on advancing digital solutions tailored to support SME exporters across Asia.
Through this strategic partnership, MODIFI and SMBC will launch joint initiatives designed to provide SMEs with innovative cross-border financing tools, helping them expand into global markets with ease.
Announced at Singapore Fintech Festival, Reflecting MODIFI’s Commitment to Global Fintech Innovation
MODIFI made the funding announcement during the Singapore Fintech Festival, underlining its commitment to driving innovation within the global fintech ecosystem. The capital will be instrumental in accelerating MODIFI’s expansion in key high-growth markets, including China and India, where the company already holds a strong presence. MODIFI’s platform addresses crucial financial needs for small and medium-sized enterprises (SMEs) by providing liquidity and flexible payment options that enable smoother cash flow and growth in international markets.
Leadership Perspective: Confidence in MODIFI’s Vision
Nelson Holzner, CEO and Co-founder of MODIFI – “The funding underscores the strength of our business and the confidence our investors have in our vision for the future. As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders.”
“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.”
Solidifying Leadership in Cross-Border Payments and Trade Finance
MODIFI has seen exponential growth since its inception in 2018, positioning itself as a 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, the platform has facilitated over $3 billion in global trade transactions for more than 1,800 companies worldwide. MODIFI’s platform is designed with SMEs in mind, offering instant working capital approval alongside advanced risk management tools to protect businesses from buyer defaults and fraud.
Supporting SME Growth with Reliable and Scalable Financing
As a result of this funding and the collaboration with SMBC, MODIFI is expected to bring substantial support to SME exporters, particularly in Asia. The partnership aims to provide SMEs with tailored, scalable financing options to navigate the complexities of global trade, further enhancing MODIFI’s role as a vital partner in the digitalization and growth of small businesses worldwide.
“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.
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