Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Trade finance fintech Modifi to invest more in Indian operations
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Trade finance fintech Modifi to invest more in Indian operations

Modifi earmarks ₹50 crore to finance 5,000+ Indian SMEs, focusing on digital solutions for global trade expansion.
Modifi, a global trade finance fintech company, has announced plans to significantly increase its investment in India, aiming to expand its operations and enhance its technological capabilities. The company, which facilitates trade finance for small and medium-sized enterprises (SMEs) by connecting them with banks and institutional investors, sees India as a key market due to its growing economy and increasing digitalization in trade finance. Modifi's CEO, Nelson Holzner, highlighted the potential for growth in India, driven by the country's push towards digital transactions and the need for efficient trade finance solutions. The expansion includes hiring more local talent, developing new products tailored for the Indian market, and leveraging technology to streamline trade processes. This move is part of Modifi's broader strategy to deepen its presence in Asia, recognizing the region's pivotal role in global trade.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/companies/trade-finance-fintech-modifi-to-invest-more-in-indian-operations/article68942535.ece ]


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