MODIFI, a leader in B2B Buy Now, Pay Later (BNPL) solutions, recently announced a substantial $15m investment.
The funding round was spearheaded by the SMBC Asia Rising Fund with contributions from existing backers Maersk, IntesaSanPaolo, Heliad, and other prominent global investors.
As a major player in Japan and the APAC region’s financial landscape, Sumitomo Mitsui Banking Corporation (SMBC) not only provides capital but also strategic guidance.
The firm specializes in offering crucial liquidity and flexible payment terms to small and medium-sized enterprises (SMEs), enabling them to enhance cash flow and broaden their global market presence.
With the latest funding, MODIFI plans to accelerate its expansion and continue innovating within the global FinTech arena. The company’s offerings are particularly tailored to help businesses navigate the complexities of international trade, providing them with the financial tools necessary for expansion and success.
MODIFI CEO and Co-founder, Nelson Holzner, said, “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.”
Further establishing its credibility, MODIFI has been acknowledged as one of the Fastest Growing European FinTech Companies in 2024 by the Financial Times and Statista, facilitating over $3bn in global trade for more than 1,800 companies since its inception in 2018.
Keiji Matsunaga, General Manager of Digital Strategy Department at SMBC, said, “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.”
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