Modifi raises USD 145m in debt financing




To modify, a global fintech company based in Berlin, Germany, has raised $ 145 million in debt financing.

Funders included Silicon Valley Bank and Solarisbank.

The company intends to use the funds to expand its reach with small and medium-sized businesses looking to do business internationally on its digital platform.

Led by CEO and co-founder Nelson Holzner, Modifi is a global fintech company that enables small and medium-sized enterprises (SMEs) to finance and manage their international trade. Serving more than 1,000 buyers and sellers in more than 40 countries, the company provides digital solutions that enable small and medium-sized businesses to do business like large businesses.

Modifi currently operates from 9 offices in Berlin, Amsterdam, New York, Delhi, Mumbai, Shenzhen, Hong Kong, Dubai and Dhaka. After increasing its Series B cycle in September, the company is currently working on major upgrades to its digital platform, which will expand the product offering beyond trade finance and allow customers to support all trade related activities in one place.

FinSME

12/15/2021




Carol M. Barragan