\n<\/p>\n
HONG KONG SAR –\u00a0Media
\u00a0<\/p>\n MODIFI is the only digital trade finance platform for SMEs that spans
\u00a0<\/p>\n In Hong Kong 98% of all firms are SMEs, with exports accounting for 88%
\u00a0<\/p>\n “Smaller businesses lack the tools and know-how to trade with the ease
\u00a0<\/p>\n “MODIFI has not just grown in business and outreach in the last few
\u00a0<\/p>\n “The ability to raise funds and attract investors and industry partners
\u00a0<\/p>\n MODIFI successfully launched in the US, Netherlands and Bangladesh in
HONG KONG SAR –\u00a0Media
OutReach\u00a0–\u00a014 September 2021 – Global fintech MODIFI today
announced US$24m in Series B, which brings its valuation to more than US$120m.
The round was led by new investor Heliad Equity Partners with a co-investment
from Neva SGR, the venture capital investment vehicle of Italy’s leading
banking group Intesa San Paolo. Existing …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17472"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17472"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17472\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a>\u00a0–\u00a014 September 2021 – <\/b>Global fintech MODIFI<\/a> today
\nannounced US$24m in Series B, which brings its valuation to more than US$120m.
\nThe round was led by new investor Heliad Equity Partners with a co-investment
\nfrom Neva SGR, the venture capital investment vehicle of Italy’s leading
\nbanking group Intesa San Paolo. Existing investors also participated
\nsignificantly, including Global Founders Capital, Maersk Growth and Picus
\nCapital. The funds will be used to grow MODIFI’s digital trade finance platform
\nfor SMEs into a global trade management hub. <\/p>\n
\nthe three major trading regions of Europe, Asia and North America – a cluster
\nwhich encompasses approximately 80% of global imports and exports. It provides
\nSMEs with simple digital solutions to finance their trades, protect them from counterparty
\nrisk, and easily track and manage their shipments. The new funding round will
\npower major upgrades to the platform, allowing MODIFI customers to take care of
\nall trade-related activities in one place. This includes finding new trade
\npartners and managing foreign exchange risk, among other things. <\/p>\n
\nof their total revenues[1]<\/sup><\/sup><\/a>.
\nThe SME export sector has a lot of potential to grow even further, but securing
\nfinance and finding new business partners remain a challenge. Having relied on
\ntraditional channels to find new business opportunities, such as trade shows
\nand in-person meetings, SMEs were left stranded once COVID-19 hit. MODIFI’s
\nmission is to empower SMEs to trade and grow their business, thus benefiting
\nthe Hong Kong economy. <\/p>\n
\nand comfort enjoyed by their larger counterparts. The solutions available out
\nthere are fragmented and don’t approach the problem holistically. We have
\nsuccessfully digitized the trade finance industry and are now developing our
\nplatform into a comprehensive trade management hub that will empower SMEs to
\ntake control of their global trade activities. With Heliad Equity Partners and
\nNeva we are delighted to have two new strong partners complementing our
\nexisting shareholder base,” says CEO and Co-Founder Nelson Holzner.<\/p>\n
\nyears but also in its approach to addressing systemic issues related to global
\ntrade. We are very happy to support the stellar team around Nelson Holzner,
\nSven Brauer and Jan Wehrs in their journey to become the leading trade finance
\nand management platform for SMEs. Small businesses represent 90% of all firms
\nworldwide, forming the backbone of local economies. It’s critical that we help
\nthem grow and flourish” says Falk Schaefers, CEO of Heliad Equity Partners. <\/p>\n
\nworldwide in a very short time confirms MODIFI’s enormous potential to become a
\nbillion euro company. It’s clear that global trade is in need of digital
\nsolutions. MODIFI has already done a lot to simplify and automate paper-heavy
\ntrade finance processes, and we are looking forward to seeing the fintech
\ncompany tackle a broader set of challenges related to global trade” says Mario
\nCostantini, CEO of Neva SGR.\u00a0
\nthe first half of 2021, after raising a US$60m debt facility from Silicon
\nValley Bank. The company currently operates out of 9 offices in New York,
\nBerlin, Amsterdam, Delhi, Mumbai, Dhaka, Shenzhen, Hong Kong and Dubai.<\/p>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"