# MODIFI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modifi

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.modifi.com
- Total disclosed funding: $49M
- Latest round: Series C (Nov 6, 2024)
- Investors on record: 9

## About

Founded in 2018 and based in  Berlin, Germany MODIFI GmbH operates as a financial technology company that enables small and medium enterprises (SMEs) to trade worldwide with digital trade finance. In July 2023, MODIFI GmbH raised USD 100 million in venture funding from HSBC Innovation Banking. As of 2023, the company operates out of 9 offices in New York, Berlin, Amsterdam, Delhi, Mumbai, Dhaka, Shenzhen, Hong Kong, and Dubai.

The company provides SMEs with simple digital solutions to finance their trades, protect them from counterparty risk, and easily track and manage their shipments. The products of the company include buyer finance and seller finance.

The company’s main source of revenue generation is by lending buyer and seller finance to small and medium enterprises. The SMEs then get a time span of 30, 60, or 90 days to pay back the amount.

## Funding rounds

- Series C, Nov 6, 2024, $15M — Heliad Equity Partners, Neva, Maersk Growth, SMBC Asia Rising Fund
- Series B, Sep 14, 2021, $24M — Heliad Equity Partners, Global Founders Capital, Picus Capital, Neva, Maersk Growth
- Series A, Jun 6, 2019, $6.2M — Global Founders Capital, Picus Capital, Maersk Growth
- Seed, Feb 27, 2018, $3.7M — Rocket Internet SE, Global Founders Capital, Revolutionary (Ad)Ventures, Belmond Capital

## Investors

- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A, Series B
- Revolutionary (Ad)Ventures — Seed
- Belmond Capital — Seed
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Series A, Series B
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series A, Series B, Series C
- Heliad Equity Partners (https://capitalatlas.ai/funds/heliad-equity-partners) — Series B, Series C
- Neva (https://capitalatlas.ai/funds/neva) — Series B, Series C
- SMBC Asia Rising Fund — Series C