Mazanti advises Maersk on its fintech investment in MODIFI

Mazanti Transactions has advised Maersk Growth, the corporate venture unit of A.P. Moeller Maersk, in connection with its investment in the German fintech startup MODIFI. MODIFI has developed simple tech solutions and offers a trade finance platform for small and medium-sized buyers and sellers.

MODIFI, which was founded in 2018, has opened offices in Amsterdam and is now launching in India to further drive international expansion. Maersk Growth and Global Founders Capital have led a funding round of €5.5m for the expansion.

Maersk is looking forward to partnering with MODIFI. Jeppe Hoier, Investment Partner at Maersk Growth, explains that: “The old ways of performing Trade Finance is still reliant on slow, paper-based and complex processes. Technology and digitalization will be a driving force in setting future standards by changing the legacy systems of doing risk assessment, and we believe MODIFI has the right team and product to do so."

CEO and co-founder of MODIFI, Nelson Holzner, says that winning Maersk as investors is the ultimate seal of approval for their mission of digitizing Trade Finance and is convinced that the new partnership will provide plenty of opportunities for cooperation beyond the equity investment.

For more information related to the transaction, read here.