The SMBC Asia Rising Fund is leading a $15 million funding round for MODIFI, a global platform that specializes in B2B Buy Now, Pay Later (BNPL) solutions. Current investors Maersk, Intesa Sanpaolo, Heliad, and other international backers are also participating.
MODIFI will use the money to expand more quickly, especially in high-growth markets like China and India.
Founded by Nelson Holzner, MODIFI’s platform helps small and medium-sized businesses (SMEs) maximize cash flow and grow globally by offering them flexible payment terms and necessary liquidity.
More than 1,800 businesses have reportedly benefited from over $3 billion in international trade since MODIFI’s founding in 2018. The platform helps businesses guard against buyer defaults and fraud by providing integrated risk management tools and instant working capital approval.
