MODIFI Forges Alliance with Yubi to Revolutionize International Trade Finance for Indian SMEs and Corporates

EXECUTIVE SUMMARY

• The strategic partnership introduces innovative off-balance-sheet financing for Indian SMEs, catalyzing liquidity and growth.

• Groundbreaking collateral-free non-recourse financing will be provided to SMEs, liberating working capital needed for international business expansion.

• With MODIFI’s pioneering real-time credit intelligence, Indian traders will gain unparalleled protection in the volatile global market.

 

India, April 24, 2024 — Yubi, the world’s only technology company powering the end-to-end debt lifecycle, today announced a strategic partnership with MODIFI, one of Europe’s fastest-growing B2B FinTech companies. This collaboration marks Yubi Group’s entry into cross-border trade financing, reinforcing its commitment to democratizing access to capital and fostering inclusive economic growth. By leveraging technology and innovation, Yubi Group and MODIFI aim to reshape the landscape of cross-border trade finance, empowering Indian SMEs and mid-sized corporations to compete and thrive globally. 

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MODIFI’s Country Head, Mr. Sachin Nigam, remarks, “Our strategic partnership with Yubi is a testament to our commitment to uplift Indian exporters by endowing them with state-of-the-art solutions that enhance capital fluidity. India’s market is pivotal to our operations, and our expansion aligns seamlessly with the nation’s economic progression and ambitions. As a pioneer in the FinTech sector, specializing in cross-border B2B payments and financing solutions, MODIFI is making a substantial contribution to India’s ‘Make in India’ endeavor. Our tailored solutions are deftly designed to bridge the existing financing and payment divides faced by Indian corporates, propelling them to the forefront of the global manufacturing landscape by addressing imperative facets such as working capital accessibility, efficacious payment mechanisms, and comprehensive risk oversight.”

“At Yubi, we are committed to simplifying access to credit for SMEs,” said Yubi Group Founder and CEO Gaurav Kumar. “This partnership with MODIFI addresses several key challenges faced by Indian companies venturing into cross-border trade. Many lack awareness of financing solutions, struggle to navigate complex regulations and grapple with data in unstructured formats. By combining Yubi’s extensive network and industry knowledge with MODIFI’s innovative solutions, we can empower Indian businesses, offering them much-needed liquidity and risk mitigation.” he added.

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The partnership will provide Indian exporters and importers with robust, unsecured funding for global transactions, a vital step in mitigating the perennial need for collateral. This innovative funding model will bestow the essential financial muscle to fortify their commercial engagements transcending boundaries, providing substantial financing, representing up to 80% of the invoice valuation. Furthermore, they will benefit from unprecedented real-time insights into the creditworthiness of global trading partners, empowering them to navigate international market risks with acumen and seize burgeoning global opportunities.

SMEs are recognized as the bedrock of global economic vitality, spurring job creation, and contributing to GDP growth. Despite this, they encounter formidable barriers in securing credit, culminating in an expansive credit accessibility chasm, which surged to $2.6 trillion in 2023. This widening gap emanates from stringent credit conditions, escalating borrowing expenses, and the limited accessibility of historical financial data. Additionally, with the global B2B e-commerce sphere poised to reach a valuation of USD $36 trillion by 2026, SMEs stand on the cusp of untapped potential. Success hinges on strategic market ingress, optimized logistics, and pioneering payment methodologies attuned to diverse consumer predilections and regulatory frameworks. Together, Yubi and MODIFI are unwavering in their dedication to nurturing a robust ecosystem for cross-border trade within India, unlocking a wealth of prospects for the nation’s enterprises.

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About MODIFI

MODIFI is a FinTech platform specializing in B2B cross-border financing and payment solutions. The company removes traditional barriers to global trade by empowering businesses with the modern digital payments tools and financial liquidity needed to compete in global commerce. MODIFIs platform serves more than 1,600 companies across 55+ countries and has a global presence with offices in Shenzhen, Singapore, Amsterdam, Berlin, Mexico-City, Dubai, Mumbai, New Delhi and Dhaka.

About Yubi:

The Yubi Group is the world’s only technology company powering the end-to-end debt lifecycle. Founded in 2020 by CEO, Gaurav Kumar, Yubi’s technology infrastructure, credit marketplace, risk evaluation, and collections platforms facilitate every stage of the flow of money from lenders to borrowers and back to lenders. The company is backed by esteemed investors like Peak XV, Lightspeed, Lightrock, TVS Capital, B Capital Group, Dragoneer Investment Group, and Insight Partners, among others. Yubi boasts a distinguished Board of Directors led by Chairman Atanu Chakraborty. Today, Yubi facilitates over ₹1,40,000 Cr in debt volumes, serving 17,000+ enterprises and 6,200+ investors & lenders while reducing collections costs by 57%. With a mission to deepen the debt market and democratize capital flow, Yubi is transforming the financial landscape, fostering inclusivity, and building a transparent and responsible ecosystem for all. Visit www.go-yubi.com to learn more.

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