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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.

Expansion into the US, paired with the existing coverage, will establish MODIFI as the only digital trade finance platform focused on 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 respectively.

Small and medium-sized businesses are turned down in 50% of cases when requesting trade finance, which has resulted in a 1.5 trillion USD annual funding gap. The pandemic has only exacerbated the situation as risk appetite decreased globally. MODIFI is empowering SMEs to trade internationally and grow, thus benefiting local economies.

“We are excited to partner with Silicon Valley Bank on our journey to digitize the global trade industry, which has traditionally been extremely paper-heavy” says CEO and Co-Founder Nelson Holzner. “The pandemic has forced many analogue processes to move online, and we are seeing more and more SMEs appreciating the value of a platform that provides them with trade finance from their own homes, whenever they need it”.

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“We’re pleased to become a new funding partner to MODIFI to support its geographical expansion to the US, further investment in its digital platform and continued growth. Our partnership builds on the momentum of SVB’s warehouse financing platform in EMEA as it showcases our ability to be a key partner in financing global innovators like MODIFI”, says Folake Shasanya, Managing Director of Fintech Warehousing at SVB EMEA.

“Supporting innovation is in our DNA and we are delighted to provide this significant facility to MODIFI through our EMEA warehouse financing team from our SVB German Branch”, adds Christian Hoppe, Managing Director, SVB Germany.

MODIFI tripled their business in 2020 as a result of a strong performance during the pandemic. The increase in demand for digital cash management solutions allowed the company to expand to four new markets in 2020, launching in China, Hong Kong, the UAE and Spain. The trend has continued in 2021 with MODIFI’s launch in the Netherlands. The company currently operates out of 7 offices in Berlin, Amsterdam, Delhi, Mumbai, Shenzhen, Hong Kong and Dubai.

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“Despite the unprecedented disruption to the world’s economies, 2020 proved a strong year for MODIFI. As global supply chains were destabilized, SMEs found it harder to trade on favourable credit terms. We were well positioned to step in and address the needs of the market” says Holzner. “Our simple tech solutions allow us to digitally underwrite our customers and provide them with import and export financing in a matter of days”.

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About MODIFI:

MODIFI is solving global Trade Finance for small and medium sized businesses (SMEs). Founded in 2018, MODIFI is tackling a $20 trillion industry in which 50% of requests for Trade Finance by SMEs are rejected by banks, resulting in a funding gap of $1.5 trillion annually. Through its paperless online platform, the company empowers businesses to grow, fostering strong international partnerships and benefitting local economies. To see how small and medium sized businesses can benefit from MODIFI’s digital Trade Finance, visit www.modifi.com or follow us on LinkedIn and Twitter.

About Silicon Valley Bank:

For more than 36 years, Silicon Valley Bank (SVB) has helped innovative businesses and their investors move bold ideas forward, fast. SVB provides a range of financial services and targeted expertise to companies of all sizes in innovation centres around the world, including the UK. With commercial and international banking services, SVB helps address the unique needs of innovators. Learn more at svb.com

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Silicon Valley Bank Germany Branch is a branch of Silicon Valley Bank. Silicon Valley Bank, a public corporation with limited liability (Aktiengesellschaft) under the laws of the U.S. federal state of California, with registered office in Santa Clara, California, U.S.A. is registered with the California Secretary of State under No. C1175907, Chief Executive Officer (Vorstand): Gregory W Becker, Chairman of the Board of Directors (Aufsichtsratsvorsitzender): Roger F Dunbar. Silicon Valley Bank Germany Branch with registered office in Frankfurt am Main is registered with the local court of Frankfurt am Main under No. HRB 112038, Branch Directors (Geschäftsleiter): Oscar C Jazdowski, Joan Parsons. © 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license.

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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 Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand SpurMODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand Spur

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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 - Brand SpurMODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand Spur

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Strongest first quarter ever: Preliminary results of Deutsche Post DHL Group above market expectations

  • All divisions significantly increased EBIT in first quarter 2021; Group EBIT tripled to around EUR 1.9 billion
  • Free cash flow development continued positive trajectory and improved by more than EUR 1.4 billion to around EUR 1.0 billion
  • CEO Frank Appel: "The start into the new financial year was more dynamic than ever"


SINGAPORE - Media OutReach - 12 April 2021 - Deutsche Post DHL Group has today released preliminary results for the first quarter of 2021 and has raised the outlook for the current financial year. Preliminary operating profit (EBIT) for the first three months improved to around EUR 1.9 billion (Q1 2020: EUR 592 million). The positive development of the group's businesses seen in the fourth quarter 2020 has continued well through the first quarter 2021. In the first three months of the year the B2C shipment volumes remained high in all networks while the recovery in the B2B business continued.

"The start to the new financial year was more dynamic than ever. It proves that we have successfully geared our business to the right growth drivers. One year into the pandemic we experienced in the first quarter 2021 a sustained momentum in e-commerce and a significant stabilization in global trade with increasing air- and sea-freight volumes. Consequently all divisions reported a significant jump in earnings above market expectations. Global trade continues to recover and vaccine distribution is in full swing which makes me very optimistic for the rest of 2021 and beyond," said Frank Appel, CEO of Deutsche Post DHL Group.

All divisions optimally positioned for continuing e-commerce boom and growth in global trade

Express: The division reached an EBIT of around EUR 955 million in the first quarter 2021 compared to EUR 393 million in Q1 2020.

Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 215 million in Q1 2021, clearly above previous year's Q1 of EUR 73 million.

Supply Chain: EBIT at Supply Chain came in at around EUR 165 million in the first quarter 2021 compared to EUR 105 million in Q1 2020.

eCommerce Solutions: eCommerce Solutions recorded a first quarter 2021 EBIT of around EUR 115 million, clearly above last year's Q1 result of EUR 6 million.

Post & Parcel Germany: EBIT in Post & Parcel Germany in Q1 2021 was around EUR 555 million (Q1 2020: EUR 334 million).

Earnings momentum mirrored in positive cash flow development and improved outlook


The continued positive business development is underpinned by a strong cash flow development; free cash flow amounted to around EUR 1.0 billion in the first quarter 2021. In Q1 2020 this figure was still negative at EUR -409 million.

In light of the strong earnings momentum, guidance for 2021 is adjusted as follows:

Group EBIT for 2021 is now expected to be significantly above EUR 5.6 billion (previous forecast: more than EUR 5.6 billion). Equally, the result for the DHL divisions is now seen significantly above EUR 4.5 billion (previous forecast: more than EUR 4.5 billion). EBIT for the Post & Parcel Germany division is no longer expected at around EUR 1.6 billion but above EUR 1.6 billion. The expectation of a Group Functions EBIT of around EUR -0.4 billion remains unchanged. Full year 2021 Free Cash Flow is now expected to be significantly above EUR 2.3 billion (previous forecast: around EUR 2.3 billion).

The Group will introduce a revised detailed guidance with the comprehensive disclosure for Q1 2021 which will be published as planned on May 5, 2021.

Deutsche Post DHL Group

Deutsche Post DHL Group is the world's leading logistic company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees and investors worldwide. To this end, Deutsche Post DHL Group is focusing on growth in its profitable core logistics businesses and accelerating the digital transformation in all business divisions. The Group contributes to the world through sustainable business practices, corporate citizenship and environmental activities. By the year 2050, Deutsche Post DHL Group aims to achieve zero emissions logistics.


Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Deutsche Post is Europe's leading postal and parcel service provider. Deutsche Post DHL Group employs approximately 570,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 66 billion Euros in 2020.


The logistics company for the world.

MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand Spur
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- Advertisement -MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand SpurMODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion - Brand Spur