MODIFI secures $15m in funding from Sumitomo Mitsui Banking Corporation

By Gloria Mathias

MODIFI, a global platform for B2B Buy Now, Pay Later (BNPL) solutions, has announced the completion of a $15 million funding round led by SMBC Asia Rising Fund. Existing investors Maersk, IntesaSanPaolo, Heliad, and other top-tier global investors participated.

Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s banks, brings both capital and strategic alignment to the partnership. Beyond the equity investment, MODIFI and SMBC have signed an MoU to jointly advance digital solutions that support SME exporters across Asia in expanding their international trade operations. Through a series of joint initiatives, MODIFI and SMBC aim to empower SMEs with innovative cross-border financing solutions.

The announcement comes on the sidelines of the Singapore FinTech Festival, which showcases MODIFI’s drive for innovation in the global FinTech landscape. This new capital infusion will accelerate MODIFI’s expansion, particularly in high-growth markets like China and India, where the company has already made significant inroads. MODIFI’s platform delivers critical liquidity and flexible payment terms to small and medium-sized enterprises (SMEs), helping them optimise cash flow and expand their international reach.

“The funding underscores the strength of our business and the confidence our investors have in our vision for the future,” said Nelson Holzner, CEO and Co-founder of MODIFI. “As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders.”

“Our mission is simple: We empower SMEs to compete and thrive in the global market with fast, flexible, and secure payment solutions,” added Holzner. “With this fresh funding, we’re set to redefine global trade finance, ensuring businesses of all sizes can unlock the liquidity and get the protection they need to grow internationally.”

“By transforming cross-border supply chain finance for the digital age with their global presence, we believe MODIFI supports SMEs to scale their export businesses with ease. We look forward to collaborating with MODIFI to empower our corporate clients to expand their businesses globally with agility and financial flexibility, overcoming traditional trade barriers,” said Keiji Matsunaga, General Manager of the Digital Strategy Department, SMBC.