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MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion
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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 increasing demand in existing markets, as well as fuel MODIFI s continuing growth and finance buyers and sellers in new geographies, particularly the US.