MODIFI, a global cross-border trade payments company, has secured a $100 million line of credit with HSBC Innovation Banking UK to continue its growth.

MODIFI helps exporters and importers to facilitate their international business. Through its digital platform, the company allows vendors to receive payments instantly while giving buyers the option to defer payment for up to 180 days.

“We are excited to partner with a top-notch financial institution like HSBC Innovation Banking to meet the growing demand of our customers for higher liquidity.”

Nelson Holzner, CEO and Co-Founder of MODIFI.

HSBC Innovation Banking UK offers flexible banking solutions for startups, scalers, growing businesses, investors and those preparing for IPOs. The partnership with HSBC Innovation Banking is a key element of MODIFI’s refinancing strategy, which aims to diversify financing sources with funding providers. MODIFI recently entered into a $75 million line of credit with another global financial institution.

“There is a growing need for innovative solutions that remove barriers, increase transparency and enable small and midsize businesses to trade on a par with larger corporates. We are incredibly excited at HSBC Innovation Banking to support MODIFI as it continues to become a leading provider of trade finance products,”

Conor Sheehy, Head of FinTech Warehouse Finance at HSBC Innovation Banking.