India’s Yubi & MODIFI to offer global trade finance for corporates and SMEs

By Gloria Mathias

Yubi, the end-to-end debt lifecycle tech company, has announced a strategic partnership with MODIFI, Europe’s growing B2B FinTech company.

This collaboration marks Yubi Group’s entry into cross-border trade financing, reinforcing its commitment to democratising access to capital and fostering inclusive economic growth.

By leveraging technology and innovation, Yubi Group and MODIFI aim to reshape the landscape of cross-border trade finance, empowering Indian SMEs and mid-sized corporates to compete and thrive globally.

“At Yubi, we are committed to simplifying access to credit for SMEs,” said Yubi Group Founder and CEO Gaurav Kumar. “This partnership with Modifi addresses several key challenges faced by Indian companies venturing into international trade. Many lack awareness of financing solutions, struggle to navigate complex regulations and grapple with data in unstructured formats. By combining Yubi’s extensive network and industry knowledge with MODIFI’s innovative solutions, we can empower Indian businesses, offering them much-needed liquidity and risk mitigation.”

The partnership will provide Indian exporters and importers with robust, unsecured funding for global transactions, a vital step in mitigating the perennial need for collateral. This funding model will bestow the essential financial muscle to fortify their commercial engagements, transcending boundaries and providing substantial financing, representing up to 80% of the invoice valuation.

MODIFI’s Country Head, Sachin Nigam, remarked, “Our strategic partnership with Yubi is a testament to our commitment to uplift Indian exporters by endowing them with solutions that enhance capital fluidity. MODIFI is making a substantial contribution to India’s “Make in India” endeavour. Our tailored solutions are deftly designed to bridge the existing financing and payment divides faced by Indian corporates, propelling them to the forefront of the global manufacturing landscape by addressing imperative facets such as working capital accessibility, efficacious payment mechanisms, and comprehensive risk oversight.”

SMEs play a crucial role in global economic growth and innovation, driving job creation and contributing to GDP expansion. However, they face significant challenges in accessing credit, leading to a widening credit accessibility gap, which reached $2.6 trillion in 2023, up from $1.5 trillion previously.

Together, Yubi and MODIFI are committed to fostering a thriving ecosystem of cross-border trade in India for Indian businesses.