Tag: MODIFI

Renovus Capital Partners, a private equity firm based in the Philadelphia area, is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. The investment will enable Performive to accelerate its growth across product innovation, customer experience enhancement, partner enablement, and other strategic initiatives. Founded in 2005, Performive is a managed services provider focused on cloud services, infrastructure services, and cybersecurity. The Company prides itself on offering mission critical services to its thousands of customers, helping them scale, secure their environments, and optimize their operations, and is well-recognized in the industry for its technical expertise and exceptional service. The strategic investment from Renovus will enable Performive to continue to build out its solution offerings, grow its best-in-class team, and pursue acquisitions that align with its commitment to delivering high value, customer-focused services. "We're incredibly proud of the foundation we've built at Performive and excited for what's ahead," said Gary Simat, Co-Founder and CEO of Performive. "This partnership with Renovus is a pivotal moment that will fuel our continued innovation and allow us to enhance the customer experience and drive greater value for our clients. With this investment, we're ready to accelerate our goal of becoming a leading MSP serving mid-market enterprises across the U.S." "We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly," said Jason Tanker, Managing Director at Renovus. "We see tremendous growth potential in Performive's platform and are excited to partner with the team to accelerate the company's expansion, both organically and inorganically." Performive is Renovus' first platform out of Renovus IV, which launched in October 2024 with $875 million of total commitments. Layer 7 Capital served as exclusive financial advisor and McDermott Will & Emery served as legal counsel for Performive. DLA Piper served as legal counsel for Renovus. About Performive Founded in 2005, Performive is a leading managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. With deep technical expertise and a relentless focus on customer success, Performive empowers businesses to optimize their IT operations and achieve sustainable growth.
Buy Now Pay Later (BNPL)

MODIFI captures $15m investment to expand SME exports in Asia

MODIFI, a leader in B2B Buy Now, Pay Later (BNPL) solutions, recently announced a substantial $15m investment.
PingPong and MODIFI unite for revolutionary B2B cross-border payment solutions
B2B Payments

PingPong and MODIFI unite for revolutionary B2B cross-border payment solutions

PingPong, one of the largest payment companies in Asia, has teamed up with MODIFI, a specialized FinTech platform focusing on B2B cross-border financing and payment solutions.
MODIFI powers ahead with $100m facility from HSBC
B2B Payments

MODIFI powers ahead with $100m facility from HSBC

MODIFI, a global business payments firm specialising in cross-border B2B transactions, has announced a new funding round. This fast-growing FinTech enterprise, established in 2018, is known for providing instant payment solutions to suppliers and offering payment deferment options to buyers for up to 180 days.
Funding Rounds

MODIFI receives $60m debt facility to support move into the US

MODIFI, which claims to solve global trade finance for small and medium businesses, has received a $60m debt facility with Silicon Valley Bank.
FinTech News

German FinTech investment on track to recover after 2020 slump

FinTech deal activity nearly tripled in the first quarter compared to Q1 2020 as companies completed 50 funding rounds

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