Global fintech MODIFI, the only digital trade finance platform for SMEs that spans three major trading regions of Asia, Europe, and North America, has secured US$24 million in new funding. This new funding round will power key upgrades to the platform, enabling MODIFI clients to take care of all trade-related activities in one place. This includes managing foreign exchange risk and finding new trade partners, among other things.
MODIFI’s mission is to empower SMEs to trade and grow their business, thus benefiting local economies. The company has already financed more than US$100m worth of trades working with US sellers and buyers.