Modifi, a Berlin, Germany-based global fintech company, raised 145M USD in debt financing.
Backers included Silicon Valley Bank and Solarisbank.
The company intends to use the funds to expand its reach among small and medium-sized enterprises who want to trade internationally on its digital platform.
Led by CEO and Co-Founder Nelson Holzner, Modifi is a global fintech company that allows small and medium sized businesses (SMEs) to finance and manage their international trades. Serving over 1,000 buyers and sellers across more than 40 countries, the company offers digital solutions that enable SMEs to trade like large corporates.
Modifi currently operates out of 9 offices in Berlin, Amsterdam, New York, Delhi, Mumbai, Shenzhen, Hong Kong, Dubai and Dhaka. Having raised its Series B round in September, the company is now working on major upgrades to its digital platform, which will expand the product offering beyond trade finance and allow customers to take care of all trade-related activities in one place.
FinSMEs
15/12/2021