BankingBusinessFinTech

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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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