MODIFI Secures $15 Million Investment to Boost Asian SME Exports

In a strategic move to bolster its position in the cross-border B2B payments and trade finance sectors, Amsterdam and Singapore-based fintech leader, MODIFI, secured a $15 million investment led by SMBC Asia Rising Fund. This transaction underscores MODIFI's ambition for rapid growth across Asia, including key markets like China and India. In addition to the capital infusion, MODIFI and the Sumitomo Mitsui Banking Corporation (SMBC) have signed a memorandum of understanding to jointly develop digital solutions that will aid Asian SMEs in expanding their international trade operations. The announcement, made during the Singapore Fintech Festival, highlights MODIFI's ongoing innovation in the global fintech landscape. CEO Nelson Holzner emphasized that this funding not only reflects investor confidence but also positions MODIFI as a frontrunner in providing innovative solutions that enable global business expansion. The company's platform, recognized as one of the fastest-growing fintech firms in Europe, offers crucial liquidity and flexible payment terms to SMEs, aiding them in optimizing cash flows and expanding internationally. Since its inception in 2018, MODIFI has facilitated over $3 billion in global trade for more than 1,800 businesses. The partnership with SMBC aligns with the Japanese bank's strategy to support high-potential startups in Asia through its Asia Rising Fund, which seeks to enhance business development by integrating new technologies and forming strategic partnerships.