MODIFI, a global financial technology company, held a conference in Shenzhen, China today with the theme of "The Prospects and Challenges of Chinese Enterprises Going Global". MODIFI executives, industry experts and industry vertical media from various fields such as finance, e-commerce, and payment gathered together to discuss the prospects and challenges of Chinese enterprises going global in the context of globalization.
As a global leading B2B cross-border financing and payment solution service provider, MODIFI comprehensively interpreted the difficulties and obstacles faced by Chinese companies in going overseas at the conference, and shared MODIFI's innovative solutions for B2B cross-border financing and payment, aiming to help Chinese companies going overseas overcome challenges in working capital liquidity and cross-border payments, and help Chinese companies go overseas and seize opportunities to achieve growth.
As the dividends of Chinese companies going overseas continue to be released, the growth momentum of the cross-border e-commerce industry remains strong. Customs statistics show that the total value of China's import and export of goods in 2022 was 42.07 trillion yuan, an increase of 7.7% over 2021. Among them, exports were 23.97 trillion yuan, an increase of 10.5%; among them, cross-border e-commerce exports were 1.53 trillion yuan, an increase of 10.1%.
However, the road to overseas expansion for Chinese companies is not smooth sailing. One of the most difficult issues is the need for flexible working capital financing and foreign currency payments. Traditional financing channels cannot meet the daily operating capital needs of small and medium-sized cross-border sellers. "Many small and medium-sized innovative companies will face cash flow challenges in the early stages of overseas expansion," said Huang Wenlong, general manager of MODIFI China, at the meeting. "MODIFI hopes to help Chinese companies better cope with these challenges with its professional services and experience in B2B cross-border financing and payment."
During the meeting, Huang Wenlong, general manager of MODIFI China, gave a detailed interpretation of the difficulties and obstacles encountered by Chinese companies in the process of going overseas, and proposed the latest comprehensive financial technology solutions based on the latest global economic and trade situation.
The solution combines invoice financing and payment collection in multiple currencies to provide a one-stop platform for enterprises. Cross-border enterprises can apply for invoice financing, monitor funds and upload invoices through advanced technology system APIs. As one of the first providers to provide this innovative service in China, MODIFI also uses artificial intelligence and machine learning technology to automatically match, review and process batch invoices, significantly shorten financing time and ensure rapid access to working capital.
In addition, MODIFI also shared its successful cases and implementation experience in the field of B2B cross-border financing and payment to help companies solve cash flow challenges and better realize cross-border payment and settlement. So far, MODIFI's digital trade platform has provided financing services to more than 1,600 buyers and sellers in more than 55 countries and regions, with a total financing amount of more than 2 billion US dollars. The CEO of Spotter, a MODIFI cooperative customer, said at the meeting: "MODIFI is the core business partner selected by Spotter after a long period of research. Its unique financing and payment solutions perfectly meet our business needs, and it is deeply interconnected with the Spotter system, truly realizing zero-manual payment and financing!"
With the successful conclusion of this conference, MODIFI's layout in China has become clearer. In the future, MODIFI will continue to deepen its presence in the field of B2B cross-border financing and payment, and provide enterprises with efficient, flexible and secure cross-border B2B financing and payment solutions with mature technical systems and implementation experience, as well as extensive partner resources around the world, to help Chinese enterprises go global.
About MODIFI:
MODIFI is a leading global financial technology company that focuses on providing cross-border B2B financing and payment solutions for enterprises. MODIFI's digital platform eliminates traditional trade barriers, provides advanced financing platforms and cash flow for medium-sized enterprises, and enhances their global competitiveness.
Currently, MODIFI has provided services to more than 1,600 companies in more than 55 countries, with a total financing amount of more than US$2 billion. It has branches in 11 countries and regions around the world, including Singapore, Amsterdam, Berlin, Mumbai, Dhaka, Hong Kong, Shenzhen, New York, Dubai and Mexico City.
MODIFI's major investors include Maersk, NEVA SGR, GFC and Picus Capital. Supply Chain Dark Horse Cross-border expansion |
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