NEW YORK, NY, Global fintech MODIFI today announced $24 million in funding, which brings its valuation to more than $120 million.
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 investors also participated significantly, including Global Founders Capital, Maersk Growth, and Picus Capital. The funds will be used to grow MODIFI's digital trade finance platform for SMBs (small-to-medium businesses) into a global trade management hub.
MODIFI is a global fintech company that helps small and medium-sized businesses (SMBs) finance and manage their international trades. Serving over 1,000 buyers and sellers across more than 40 countries, MODIFI offers simple digital solutions that enable SMBs to trade like large corporations. Through its digital platform, the company empowers businesses to grow, fostering strong international partnerships and benefitting local economies.
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