Closing of a USD 15 million financing round at MODIFI

New capital for Asian expansion: MODIFI secures USD 15 million from SMBC Asia Rising Fund to drive growth in China and India

Amsterdam, November 6, 2024 - Fintech company MODIFI, a pioneer in cross-border B2B payments and trade finance, has received a strategic investment from the SMBC Asia Rising Fund. With this investment, which was announced at the Singapore Fintech Festival, MODIFI aims to significantly accelerate its growth in Asia, particularly in the Chinese and Indian markets.

This funding underlines the strength of our business model and the confidence of our investors in our vision

Nelson Holzner, CEO of MODIFI

Partnership with SMBC for digital commerce solutions

SMBC, one of Japan's leading banks, is not only investing capital, but also contributing strategic know-how and synergies. Through a Memorandum of Understanding (MoU), SMBC and MODIFI aim to support SMEs in Asia with modern, digital payment solutions. The aim of the partnership is to help export companies expand their international trade activities and gain financial flexibility in the process.

With MODIFI as a partner, we offer our corporate clients the opportunity to expand their business globally and flexibly.

Keiji Matsunaga, General Manager of Digital Strategy at SMBC

MODIFI - market leader in cross-border payments

Since its foundation in 2018, MODIFI has established itself as a European fintech company and is experiencing rapid growth in the field of cross-border supply chain finance. With over USD 3 billion in trade receivables for over 1,800 companies, MODIFI supports its clients with instant cash flow financing and integrated risk management. With this new funding, the company aims to further cement its role as a leading provider of digital trade finance.