MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion

MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion

MODIFI will use the funds to expand into the US.MODIFI's digital trade finance platform provides SMEs with buyer and seller financing in a matter of days.MODIFI tripled its business in 2020 and launched in four new markets during the pandemic - China, Hong Kong, UAE and Spain. The trend has continued in 2021 with the launch in the Netherlands. AMSTERDAM, THE NETHERLANDS - Media OutReach – 17 March 2021 - Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address
PrimaDollar to focus on supply chain trade finance and larger clients, MODIFI acquires its SME export trade finance business

PrimaDollar to focus on supply chain trade finance and larger clients, MODIFI acquires its SME export trade finance business

MUMBAI, INDIA & AMSTERDAM, THE NETHERLANDS - Media OutReach - 24 February 2021 - PrimaDollar has made the strategic decision to focus on its category-leading supply chain trade finance platform. This is an enterprise, SaaS, technology solution that enables large and mid-sized importers to take control over how their international suppliers are funded and paid. With the increasing success of this platform and focus on larger clients, PrimaDollar's board has determined that its existing export customers, who are typically SMEs, will be better served by moving across to one of the dedicated export trade finance specialists operating with a similar geographic footprint. PrimaDollar selected MODIFI after a full market review.
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