- 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.
