MODIFI, a prominent player in the Buy Now, Pay Later (BNPL) sector focused on B2B transactions, has recently announced a significant $15 million investment.
This funding round was led by the SMBC Asia Rising Fund, with participation from existing investors including Maersk, Intesa Sanpaolo, and Heliad, among other notable global backers.
About MODIFI and Its Role in B2B Financing
Founded in 2018, MODIFI specializes in providing flexible payment solutions designed to facilitate international trade for small and medium-sized enterprises (SMEs). The company’s platform enables businesses to access crucial liquidity and favorable payment terms, helping them improve cash flow and expand their reach in global markets. With a focus on overcoming traditional barriers in cross-border transactions, MODIFI has established itself as a key player in the financial landscape of Japan and the broader Asia-Pacific region.
Strategic Support from SMBC
The involvement of Sumitomo Mitsui Banking Corporation (SMBC) is particularly noteworthy. SMBC not only provides capital but also offers strategic guidance to MODIFI. Keiji Matsunaga, General Manager of the Digital Strategy Department at SMBC, emphasized that MODIFI is transforming cross-border supply chain finance for the digital age, thereby empowering SMEs to scale their export businesses more effectively.
Plans for Expansion and Innovation
With this latest funding, MODIFI aims to accelerate its expansion efforts and continue innovating within the global fintech arena. The company has facilitated over $3 billion in global trade for more than 1,800 companies since its inception. CEO and Co-founder Nelson Holzner expressed confidence in the company’s future, stating that this investment reflects the strength of their business model and the trust investors place in their vision. Holzner noted, “As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders.”
This sentiment is echoed by industry analysts who recognize the growing demand for BNPL solutions tailored to the needs of SMEs.
Recognition and Growth Trajectory
MODIFI’s credibility is further reinforced by its recognition as one of the Fastest Growing European FinTech Companies in 2024 by the Financial Times and Statista. The firm has experienced rapid growth since its launch, tripling its business during the COVID-19 pandemic as SMEs sought accessible financing options.
