Modifi, an Amsterdam, The Netherlands-based cross-border business payments company, received a $100M debt facility.
HSBC Innovation Banking UK provides the funding.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Nelson Holzner, Modifi is a business payments company that helps exporters and importers to facilitate their business internationally. Through its digital platform, it enables suppliers to receive instant payments while offering buyers the option to defer payments for up to 180 days.
Founded in 2018, Modifi has a presence in 11 locations worldwide, including Amsterdam, Berlin, New York, Mexico-City, Delhi, Mumbai, Shenzhen, Hong Kong, Singapore, Dubai and Dhaka with over 1,500 buyers and sellers across more than 50 countries.
FinSMEs
18/07/2023