Yubi Partners with MODIFI to Enhance Cross-Border Trade Financing for Indian Businesses
Fintech unicorn Yubi has joined forces with MODIFI, a prominent B2B fintech company based in Europe, to revolutionize cross-border trade financing for Indian businesses. This strategic partnership underscores Yubi's commitment to promoting inclusive economic development and empowering Indian SMEs and mid-sized corporations to compete on a global stage.
Through this collaboration, Indian exporters and importers will gain access to secure, uncollateralized funding for international transactions, eliminating the need for traditional collateral requirements. This innovative approach provides businesses with the financial support they need to expand their operations beyond borders, with access to financing of up to 80% of the invoice value.
Furthermore, the partnership offers real-time insights into the creditworthiness of global trading partners, enabling Indian businesses to effectively navigate international market risks and capitalize on emerging opportunities.
"This partnership addresses several key challenges faced by Indian companies venturing into international trade," said Gaurav Kumar, Founder and CEO of Yubi Group. "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."
Sachin Nigam, Country Head of MODIFI, echoed this sentiment, stating, "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."
This partnership marks a significant step forward in Yubi's mission to reshape the landscape of cross-border trade finance, empowering Indian businesses to thrive in the global marketplace.