Digital Trade Platform For Smbs, Modifi Secures $24M Funding, Reaches $120M Valuation

Sep 15, 2021•almost 4 years ago

Amount Raised

$24 Million

Berlin

Description

The COVID-19 pandemic left the SMBs stranded. This is where the global fintech MODIFI based in Berlin comes to the rescue as it operates with the mission to empower SMBs to trade and grow their business and benefit local economies. Now, the fintech that helps small and medium-sized businesses (SMBs) finance and manage their international trades, has secured $24 million (nearly £17.4 million), which takes its valuation to $120 million.

Company Information

Company

Modifi

Location

Berlin, Maryland, United States

About

Currently, the company operates out of nine offices in New York, Berlin, Amsterdam, Delhi, Mumbai, Dhaka, Shenzhen, Hong Kong, and Dubai. MODIFI will use the fund to grow its digital trade finance platform for SMBs into a global trade management hub. With this platform, MODIFI can solve global trade finance for SMBs. , MODIFI is the only digital trade finance platform for SMBs that spans the three major trading regions of Europe, Asia, and North America, which encompasses nearly 80 per cent of global imports and exports.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech