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

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.