MODIFI Secures $15 Million Strategic Investment from SMBC Asia Rising Fund

MODIFI B.V., a key player in the global B2B Buy Now, Pay Later (BNPL) fintech space, has successfully raised $15 million in a funding round spearheaded by the SMBC Asia Rising Fund. This strategic investment, joined by other prominent investors including Maersk, IntesaSanPaolo, and Heliad, aims to fuel MODIFI's quest to bolster SME exporters across Asia. The collaboration with Sumitomo Mitsui Banking Corporation (SMBC), a dominant financial entity in Japan and the broader Asia-Pacific region, strengthens MODIFI’s market footprint through shared initiatives that facilitate innovative cross-border financing solutions. Launched amidst the Singapore Fintech Festival, the partnership epitomizes MODIFI’s commitment to innovation in fintech. This capital injection is anticipated to drive MODIFI's expansion, particularly within critical high-growth regions like China and India, thus enhancing the company’s provision of liquidity and flexible payment terms to SMEs globally. Since its inception in 2018, MODIFI has managed to facilitate over $3 billion in trade for more than 1,800 companies. The firm’s mission emphasizes the empowerment of SMEs through agile and secure global trade finance solutions, positioning it to redefine the fintech landscape. SMBC’s role not only involves financial contribution but also strategic synergies that foster MODIFI’s capacities in delivering impactful digital trade finance services, thereby aligning with the objectives of expanding businesses globally.