MODIFI Valuation Increases to $120M as Global Fintech Company Raises $24M in Equity
Summary
The round was led by new investor Heliad Equity Partners with a co-investment from Neva SGR, the venture capital investment vehicle of Italys leading banking group Intesa San Paolo. We are very happy to support the stellar team around Nelson Holzner, Sven Brauer, and Jan Wehrs at MODIFI in their journey to become the leading trade finance and management platform for SMBs. Small businesses form the backbone of local economies, and its critical that we help them grow and flourish," said Faulk Schaefers, CEO of Heliad Equity Partners. "The ability to raise funds and attract investors and industry partners worldwide in a very short time confirms MODIFIs enormous potential to become a billion euro company. Serving over 1,000 buyers and sellers across more than 40 countries, MODIFI offers simple digital solutions that enable SMBs to trade like large corporations.