MODIFI Launches Groundbreaking B2B Trade Financing & Payments Services In South India, Empowering Local SMEs
MODIFI has revolutionised B2B trade financing and payments, facilitating over $2.5 billion in global trade volume across 55 plus countries with 1,700 plus trading partners. The company has experienced a 1,000x surge in business since its 2019 launch in India, pivotal in providing over $1.5 billion in cross-border financing to Indian businesses and entrepreneurs, catalysing growth and innovation in the region
Indian SMEs stand on the brink of a significant opportunity to excel in the global market. Committed to enabling these businesses to compete internationally, MODIFI, a FinTech platform specialising in B2B cross-border financing and payment solutions accelerates their access to essential capital, fostering innovation, technology integration and superior operational practices. This support is pivotal for SMEs to achieve transformative industry advancements. As a specialist global FinTech platform, MODIFI dismantles conventional trade barriers, equipping businesses with cutting-edge digital payment tools and the financial liquidity crucial for thriving in global commerce.
In a strategic initiative designed to transform the financial environment for Small and Medium Enterprises (SMEs) in South India, MODIFI has today unveiled plans to provide cutting-edge cross-border financing solutions to the region’s SMEs. This effort is part of the company’s broader commitment to strengthen India’s SME trade sector and is aligned with the company’s plans to expand in South India which has the presence of highly productive SMEs. The decision to concentrate on South India comes as part of MODIFI’s broader mission to democratise access to financial services and support the growth of businesses worldwide. By leveraging its innovative technology and extensive network, MODIFI seeks to address the unique needs of SMEs in these regions, enabling them to thrive in today’s competitive marketplace.
MODIFI anticipates a substantial upsurge in its operations in Telangana and Andhra Pradesh, targeting aggressive growth within the two states in 2024. This expansion builds on an already impressive track record, with a 1,000x increase in business since the company’s inception in India in 2019. MODIFI has been pivotal in supporting Indian businesses and entrepreneurs with over US$1.5 billion in cross-border financing since its inception in India.
In South India MODIFI is deeply engaged with SMEs across major sectors such as Textiles, Electricals and Manufacturing. MODIFI solutions have been instrumental in propelling exponential growth for these businesses. MODIFI has a deep understanding of the challenges faced by SMEs in navigating traditional cross-border payment and financing methods, which are often cumbersome, costly and opaque. These conventional systems tend to favour larger corporations, leaving SMEs in need of more efficient and tailored solutions.