Thursday, November 21, 2024
11.2 C
New York

Modifi Secures $15M and Partners with SMBC to Expand Digital Trade Finance for SMEs in Asia

  • Berlin-based digital trade finance platform Modifi has raised $15 million in a new funding round led by Sumitomo Mitsui Banking Corporation (SMBC) and will collaborate to expand SME-focused digital finance solutions across Asia.
  • The partnership aims to deliver Modifi’s “buy now, pay later” services and risk management tools to support cross-border trade for SME exporters in high-growth markets like China and India.
  • This expansion aligns with Modifi’s mission to empower small- to medium-sized businesses with financing options that enhance cash flow and global reach.
  • Since its founding in 2018, Modifi has facilitated over $3 billion in trade across 55 countries, supporting over 1,800 companies worldwide.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img