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Fintech firm MODIFI raises $15 million led by SMBC Asia Rising Fund, others

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  • MODIFI, a B2B Buy Now, Pay Later (BNPL) platform, has successfully raised $15 million in a funding round led by SMBC Asia Rising Fund, with participation from notable investors like Maersk and IntesaSanPaolo.

  • A Memorandum of Understanding (MoU) was signed between MODIFI and SMBC to develop digital solutions that support small and medium-sized enterprises (SMEs) in Asia, focusing on enhancing international trade operations through innovative financing.

  • Founded in 2018, MODIFI provides tools for optimizing working capital and cross-border payments, having facilitated over $3 billion in global trade for more than 1,800 companies.

  • The new funding will be directed towards expanding MODIFI’s operations, particularly in high-growth markets such as China and India, in line with the company’s mission to empower SMEs in the global market.

  • MODIFI aims to transform cross-border supply chain finance by offering fast, flexible, and secure payment solutions, bolstered by strategic partnerships with major financial institutions like SMBC.

MODIFI, a global platform in B2B Buy Now, Pay Later (BNPL) solutions, has announced the completion of a $15 million funding round led by SMBC Asia Rising Fund.

The round also saw participation from existing investors Maersk, IntesaSanPaolo, Heliad and other top-tier global investors.

Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading banks and a major financial force in the APAC region, brings both capital and strategic alignment to the partnership.

Signing MoU with SMBC

Apart from this investment, MODIFI and SMBC have signed a Memorandum of Understanding (MoU) to jointly advance digital solutions that support SME exporters across Asia in expanding their international trade operations.

Through a series of joint initiatives, MODIFI and SMBC aim to empower SMEs with innovative cross-border financing solutions.

What does MODIFI do?

Founded in 2018, MODIFI provides cutting-edge tools that optimize working capital and streamline cross-border payments. Through its extensive global network, the firm claims that it delivers fast, flexible, and secure financial solutions, helping companies expand their international footprint. 

MODIFI claims to have facilitated over $3 billion in global trade for more than 1,800 companies. The platform offers instant working capital approval, alongside integrated risk management tools that shield businesses from buyer defaults and fraud.

Purpose of fundraising

MODIFI plans to use the raised capital to accelerate its expansion, particularly in high-growth markets like China and India.

“The funding underscores the strength of our business and the confidence our investors have in our vision for the future,” said Nelson Holzner, CEO and Co-founder of MODIFI.

“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. 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,” Holzner added.

“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.


Here’s the information extracted from the provided content about MODIFI and its recent funding round:

Funds

  • Led by: SMBC Asia Rising Fund
  • Total Amount Raised: $15 million
  • Participating Investors:
    • Maersk
    • IntesaSanPaolo
    • Heliad
    • Other top-tier global investors

Startup

  • Name: MODIFI
  • Founded: 2018

Founders

  • Co-founder & CEO: Nelson Holzner

Fundraise Series

  • Series: Not explicitly mentioned, but the funding round is a capital raise to support expansion and innovations (indicative of a later growth stage in fundraising).

Purpose of Fundraising

  • Accelerating expansion, particularly in high-growth markets like China and India.

Additional Context

  • MODIFI provides B2B Buy Now, Pay Later solutions, focusing on optimizing working capital and facilitating cross-border payments.
  • Signed a Memorandum of Understanding (MoU) with SMBC for joint initiatives to support SMEs in international trade.

This summarizes the key information regarding the funding round and related details.

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