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Modifi

Global B2B Payments and trade services

Modifi logo
21-100 employees
  • Fintech
  • B2B
  • Trading
  • SaaS
De Weteringschans, Amsterdam, Netherlands

Company mission

To empower small and medium-sized businesses to trade internationally with digital trade finance.

Top investors

8% employee growth in 12 months

Our take

SMEs play a vital role in global trade, representing 98% of exporters and contributing 30% to global volumes. However, over half of their trade finance requests are rejected by banks, creating a massive $1.5T funding gap. This leaves SMEs unable to seize new trade opportunities despite growing global trade and consumer demands.

Modifi aims to bridge this gap - it provides SMEs with simple digital solutions to finance and manage their trades, protect them from counter-party risk, and easily track their shipments. It services over 1,000 buyers and sellers across more than 40 countries. Since being founded in 2018, Modifi has grown at an astounding rate and is now the only digital trade finance platform for SMEs that spans the three major trading regions of Europe, Asia and North America - a cluster which encompasses approximately 80% of global imports and exports.

Following major funding across multiple rounds, Modifi's current strategy is focused on addressing increasing demand and helping more SMEs trade internationally on their digital platform. Fundamentally, with the OECD predicting that the trade finance landscape is to undergo "profound changes" in the coming years, Modifi has a great opportunity to be at the forefront of change for the better.

Freddie headshot

Freddie

Company Specialist

Benefits

  • The world is your oyster - we have networks around the globe with offices in Amsterdam, Berlin, Delhi, Dhaka, Dubai, Hongkong, Mumbai, New York, Shenzhen
  • You want to get to know your colleagues better?! We organize regular gatherings, events and parties
  • At MODIFI we have a very hands-on mindset, giving our people the chance to grow with their responsibilities

Company values

  • Push the boundaries
  • Grow together
  • Make it happen
  • Ownership is cool
  • Straight talking is encouraged

Funding (last 2 of 3 rounds)

Sep 2021

$24m

SERIES B

Jul 2019

$6.1m

SERIES A

Total funding: $33.5m

This company has top investors

Leadership

Has 20 years of professional experience in top international firms, startups and high growth companies, and is the founder and ex-CEO of BillPay.

Was a key part in building BillPay, and was also part of Klarna's senior management team until 2018.

IT professional with more than 12 years’ hands on experience with various platforms and over 5 years’ experience as Senior IT executive. Also a member of the alphalist network.

Jobs (3)

All locations

Software Engineering

Finance, Legal & Compliance