MODIFI Brings Digital Trade Finance Platform for SMEs to the Netherlands in Partnership with Solarisbank

  • Dutch SMEs can now benefit from trade finance solutions for both buyers and sellers on a single digital platform.
  • Solarisbank is supporting the launch of the buyer finance product through its banking-as-a-service platform.

Amsterdam, March 10, 2021 -- Global fintech MODIFI today announces the expansion of their digital trade finance platform to the Netherlands. Dutch SMEs are now able to take advantage of buyer and seller finance solutions, allowing them to boost their liquidity, manage risk and accelerate growth. MODIFI is the first company in the Netherlands that enables SME buyers to get working capital on the basis of accounts payable. It is also the only fintech in the market that supports the SME sellers who trade with Asia, the Middle East and North America. The expansion is in partnership with Europe's leading banking-as-a-service platform Solarisbank.

MODIFI enables international trade, providing tech solutions that allow SMEs to thrive in a global market. With digital onboarding and a paperless platform, customers can get working capital far faster than from a traditional bank - invoices can be uploaded in minutes and paid out in hours.

According to the Dutch Government, due to banking industry concentration, Dutch SMEs are underserved compared to European contemporaries - with credit approval ratings 14% lower than the Eurozone average and 21% behind Germany.

"We already serve many Dutch suppliers who transact with our German customers on our digital trade finance platform" says Nelson Holzner, Co-founder and CEO of MODIFI. "We also support Dutch importers through our Asian clients, so it was a logical choice to expand our activities to the Netherlands. It's an attractive market for us because the country is in the top 10 for both imports and exports globally, yet Dutch SMEs are often prevented from growing because their credit applications get rejected. We can make a huge difference in a market dominated by large banks".

Solarisbank is supporting the "Buyer Finance" product -- the first of its kind in the Netherlands. The solution allows buyers to delay payments to domestic or international suppliers by 30, 60 or 90 days on an invoice-by-invoice basis, improving their cash flow and purchasing power. With "Seller Finance'' MODIFI pays exporters' outstanding invoices as soon as the goods are shipped. As a result, they do not have to wait unnecessarily long to be paid. MODIFI also directly covers the risks of their buyers defaulting, so exporters are shielded from the economic uncertainty.

"MODIFI's rapid growth is really impressive and a unique success story in the working capital space. Being the launch partner of choice in 2018, we are extremely proud to support MODIFI now as they enter new European markets. Through our scalable lending platform and plug-and-play APIs, MODIFI was able to kick-start its Dutch business in less than three months," says Nicolas Knecht, Managing Director Lending of Solarisbank.

Founded in 2018, MODIFI has been rapidly expanding its digital trade finance platform since its inception. The company has offices in Amsterdam, Berlin, New Delhi, Mumbai, Shenzhen, Hong Kong and Dubai.

Press contact: Elena Ermishina (

About Solarisbank:

Solarisbank is Europe's leading Banking-as-a-Service platform. As a technology company with a full German banking license, Solarisbank enables other companies to offer their own financial services. Via APIs, partners integrate Solarisbank's modular banking services directly into their own product offering. The platform offers digital bank accounts and payment cards, identification and lending services, digital asset custody as well as services provided by integrated third-party providers. In 2019 Solarisbank established the 100% subsidiary Solaris Digital Assets GmbH to offer a licensed custodial solution for digital assets. To date, Solarisbank has raised more than EUR 160 million from a bluechip shareholder base, including ABN AMRO's Digital Impact Fund, BBVA, finleap, Global Brain, HV Holtzbrinck Ventures, Lakestar, Samsung Catalyst Fund, SBI Group, Storm Ventures, Visa, Vulcan Capital, and yabeo Capital.

Press contact: Baha Jamous (

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Elena Ermishina
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