Fintech firm secures funding to fuel Asian exports by SMEs

MODIFI, a leading fintech firm specializing in B2B Buy Now, Pay Later (BNPL) solutions, has secured a $15 million strategic investment from the SMBC Asia Rising Fund.

"This 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", Holzner added.

Keiji Matsunaga, General Manager of Digital Strategy at SMBC, commented on the collaboration and said “By transforming cross-border supply chain finance for the digital age, 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."

This funding, complemented by the participation of existing investors such as Maersk, Intesa Sanpaolo, and Heliad, aims to drive cross-border growth for small and medium-sized enterprises (SMEs) across Asia, particularly in markets like China and India.

As part of this investment, MODIFI and SMBC have also signed a Memorandum of Understanding (MoU) to jointly develop digital solutions, aligning their resources to provide enhanced support for SME exporters throughout Asia. Through this partnership, the firms aim to offer SMEs seamless, cross-border financing options that address the challenges of international trade.

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