Yubi Partners with MODIFI to Revolutionize International Trade Finance for Corporates and SMEs
Yubi’s partnership with MODIFI will offer Indian SMEs off-balance-sheet cross-border financing, enhancing liquidity.
Collateral-free non-recourse financing, with advances up to 80% of the invoice value, will be available, unlocking capital for growth.
MODIFI’s real-time credit updates will provide crucial risk protection for Indian borrowers in global trade.
Yubi aims to scale its factoring portfolio by 2x with Modifi over the next fiscal year
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 corporates to compete and thrive globally.
“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 international 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.
In photo: Gaurav Kumar, Founder and CEO, Yubi Group (left) with Sachin Nigam, Country Head, MODIFI (right)
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 and 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.
MODIFI’s Country Head, Mr. Sachin Nigam, remarked, “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.”
SMEs play a crucial role in global economic growth and innovation, driving job creation and contributing to GDP expansion. However, they face significant challenges in accessing credit, leading to a widening credit accessibility gap, which reached $2.6 trillion in 2023, up from $1.5 trillion previously. This gap stems from stringent credit requirements, increasing borrowing costs, and limited availability of historical financial data. Additionally, the global B2B e-commerce market, valued at USD$36 trillion by 2026, presents immense opportunities for SMEs. Success in this domain requires strategic market entry, optimized logistics, and innovative payment solutions tailored to diverse consumer preferences and regulatory landscapes. Together, Yubi and MODIFI are committed to fostering a thriving ecosystem for cross-border trade in India, unlocking new opportunities for Indian businesses.
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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 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.
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.
