MODIFI
MODIFI is a digital trade finance platform providing non-recourse export financing and B2B BNPL to SMEs in cross-border trade. Its API-first platform enables rapid invoice financing across 50+ countries, serving 1,500+ trading partners with €1.5B+ facilitated volume.
- Company typePrivate
- Founded2018
- HeadquartersAmsterdam, Netherlands
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What MODIFI does
MODIFI is a digital trade finance platform founded in 2018 and headquartered in Amsterdam that provides non-recourse export financing to SMEs engaged in cross-border trade. The company targets a structural pain point: exporters typically wait 60-90 days for buyer payments, and traditional banks are often unwilling or slow to extend working capital to smaller businesses. MODIFI's platform enables sellers to apply for financing within a stated 10-minute window, receive an advance of approximately 80% of invoice value after trade confirmation, and collect the remaining balance after buyer settlement, with MODIFI absorbing default risk via non-recourse terms.
The product suite centers on Export Finance and B2B BNPL as core offerings, with a Seller Financing module handling credit assessment on buyer companies and advance/risk-deposit payout mechanics. The underlying architecture is API-first, featuring a documented Partnership API (OAuth 2.0 Client Credentials, RESTful endpoints) that allows partner platforms to embed financing quote creation, document upload, transaction status retrieval, and payment tracking into their own workflows. The platform supports multi-currency settlement in EUR, USD, GBP, CNY, and CAD, serves sellers in 15+ countries with buyers in 54 countries, and is complemented by Global Account Solutions launched via an Airwallex partnership.
MODIFI earns revenue through transaction-based fees on financed invoices, including processing, transaction, and setup fees deducted from payouts. Distribution is hybrid: a direct self-serve online portal, WhatsApp-based sales support (including an India-dialed number), and an embedded API channel targeting mid-market partner platforms. The company reports facilitating over €1.5 billion in cumulative trade volume across 1,500+ trading partners, and has secured institutional backing including a $24M Series B (2021, $120M+ post-money valuation), debt facilities totaling over $300M from Silicon Valley Bank and HSBC Innovation Banking, and a 2024 equity round and MoU with SMBC Asia Rising Fund to drive Asia expansion.
MODIFI firmographics
Firmographics- Name
- MODIFI
- Legal name
- MODIFI B.V.
- Website
- https://modifi.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MODIFI is a digital trade finance platform providing non-recourse export financing and B2B BNPL to SMEs in cross-border trade. Its API-first platform enables rapid invoice financing across 50+ countries, serving 1,500+ trading partners with €1.5B+ facilitated volume.
- Ownership category
- akta.pro rank
MODIFI industry classification
Industry- Product category
- Digital Trade Finance
- NAICS
- Sales Financing (52222), Credit Intermediation and Related Activities (522), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Trade Finance & Receivables Tokenization (FSADAEAG)
Keywords
Where MODIFI is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices2 records
Markets served
MODIFI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trade Finance Financing: MODIFI provides non-recourse financing to sellers (exporters) against buyer invoices. The company earns revenue through fees charged on financing transactions, including processing fees, transaction fees, and setup fees. The platform supports Advance Rate payouts (e.g., 80% of invoice amount) and Risk Deposit payouts (remaining 20% after buyer payment).
- API Integration Services: Revenue generated through partner integration services, enabling third-party platforms to embed MODIFI's trade finance capabilities. Partners can access financing quote creation, document submission, and status retrieval APIs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Export Finance - Non-recourse financing for sellers |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
MODIFI product offering
Product offeringCore offering
MODIFI operates a digital trade finance platform that enables SMEs to obtain non-recourse export financing against buyer invoices within approximately 10 minutes, without collateral or physical paperwork. The platform supports multi-currency settlement (EUR, USD, GBP, CNY, CAD) across 50+ countries and exposes its financing, document upload, and transaction status capabilities via a RESTful Partner API for embedding into third-party platforms.
Product overview
MODIFI is a digital trade finance platform serving SMEs across Europe, Asia, and North America. The platform operates as a unified suite consisting of Export Finance and B2B BNPL as the core offerings, supplemented by the Partnership API for partner integration and Global Account Solutions (via Airwallex partnership) for cross-border transactions. Seller Financing is a key component enabling exporters to receive advance payments of typically 80% of invoice value with non-recourse protection.
Differentiator
Problem solved
Functional benefit
Products and services
- Export Finance
Quantifiable outcome
- Apply for export finance in 10 minutes
- +2 more outcomes
Companies that use MODIFI
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
MODIFI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MODIFI partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered strategic.
- AirwallexstrategicMODIFI partnered with Airwallex to launch Global Account Solutions for cross-border transactions, enabling seamless payment processing for international trade.
- Seawise CapitalstrategicMODIFI acquired Seawise Capital to expand its capabilities and market presence in the trade finance sector. Deal specifics were kept private.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
MODIFI competitors and assessment
Company assessmentDirect peers
- Stenn: Stenn is a UK-based digital trade finance platform that provides invoice and receivables financing to SMEs trading internationally. Like MODIFI, it offers non-recourse financing against buyer invoices and serves exporters across multiple currencies and corridors.
- C2FO: C2FO operates a working capital marketplace that allows businesses to receive early payment on invoices from their buyers. It directly competes with MODIFI's seller-financing and early-payment product for SME exporters seeking accelerated receivables.
- PrimeRevenue: PrimeRevenue is a global supply chain finance platform offering receivables discounting and dynamic discounting programs. Its core product (early payment against invoices to suppliers) directly overlaps MODIFI's non-recourse export financing proposition.
- Kriya: Kriya is a UK-based B2B payments and trade finance platform offering embedded checkout credit and invoice financing for SMEs. It targets the same SME cross-border trade segment as MODIFI, with a similar embedded/API-first approach.
- Resolve: Resolve is a B2B Buy Now Pay Later platform that provides net-terms financing for wholesale and trade transactions. It overlaps with MODIFI's B2B BNPL product and seller-financing use case for SME exporters.
- Tradeshift: Tradeshift operates a B2B trade network and marketplace with integrated financing capabilities, including invoice and supply chain finance. Its platform-plus-finance model is comparable to MODIFI's API-embedded trade finance offering.
- Demica: Demica is a fintech platform providing receivables and supply chain finance programs to corporates and their suppliers. Its invoice-financing infrastructure is comparable to MODIFI's underlying non-recourse financing engine.
Broad incumbents
- Airwallex: Airwallex is a global cross-border payments and accounts platform that MODIFI has formally partnered with for Global Account Solutions. While broader in scope (FX, multi-currency accounts, cards), it is a comparator in the SME cross-border finance stack and a potential substitute for parts of MODIFI's proposition.
- BlueVine: BlueVine provides working capital solutions including invoice factoring and lines of credit to SMEs. Its invoice-financing product overlaps MODIFI's receivables offering, though BlueVine is more US-focused and broader in product mix.
Emerging players
- Parafin: Parafin offers embedded capital products (including working capital and BNPL) to platforms serving small businesses. Its embedded-finance-as-infrastructure approach mirrors MODIFI's Partnership API strategy for partner-led distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MODIFI social profiles
Digital presenceMODIFI financial estimates
Financial estimateRevenue estimate
Valuation estimate
MODIFI leadership team
Management profileNumber of profiles
Profiles4 records
MODIFI subsidiaries and ownership
Company hierarchySubsidiaries1 record
MODIFI funding detail
Funding detailFunding overview
Funding rounds7 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MODIFI M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MODIFI
What does MODIFI do?
MODIFI operates a digital trade finance platform that enables SMEs to obtain non-recourse export financing against buyer invoices within approximately 10 minutes, without collateral or physical paperwork. The platform supports multi-currency settlement (EUR, USD, GBP, CNY, CAD) across 50+ countries and exposes its financing, document upload, and transaction status capabilities via a RESTful Partner API for embedding into third-party platforms.
Is MODIFI a public or private company?
MODIFI is a private company. It is classified as venture growth investor backed and is currently operating.
When was MODIFI founded?
MODIFI was founded in 2018. It employs 101 to 250 people.
Where is MODIFI based?
MODIFI is headquartered in Amsterdam, Netherlands, in the Europe region.
How does MODIFI make money?
Two revenue lines are on record. Trade Finance Financing is the primary driver. The others are API Integration Services.
Who are MODIFI's main competitors?
Direct peers on record are Stenn, C2FO, PrimeRevenue, Kriya, Resolve, Tradeshift and Demica. Broad incumbents are Airwallex and BlueVine. Parafin is listed as an emerging player.
Does MODIFI have an API?
Yes. MODIFI Partnership API enables partners to integrate trade finance services into their platforms. Supports creating and submitting financing quote requests, reviewing financing status, managing transactions, checking payment statuses, and uploading documents for trade finance transactions. Uses OAuth 2.0 Client Credentials flow for server-to-server authentication. Supported currencies include EUR, USD, GBP, CNY, and CAD. API version v1.0 with endpoints for: Create financing quote, Update financing quote, Upload documents for financing quote, Finalize financing quote, Retrieve financing trade state, Upload documents for financing trade. Developer documentation is at developer.modifi.com.
What industry is MODIFI in?
MODIFI's product category is Digital Trade Finance. Its primary akta.pro industry code is BPAMAFAG, Buy Now, Pay Later (BNPL) Platforms, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 52222 and its SIC code is 6199.