UAE’s largest eMarketplace, Tradeling has entered into a partnership agreement with Modifi, the global fintech company that helps buyers and sellers finance and manage their trades, to support users with digital trade finance, boost their liquidity and allow them to secure better payment terms.
With the solution of Modifi, Tradeling will provide buyers with favorable payment terms of 30, 60, or 90 days, while paying their suppliers early. This will improve buyers’ purchasing power, provide sellers with additional liquidity and unlock the potential to further grow their business.
Marius Ciavola CEO – Tradeling
“Financing is an important component of our business to facilitate trade, through our partnership with Modifi, we want to offer our customers the finance solutions they need to succeed and grow. The partnership will further help businesses to secure additional liquidity to fund trades where traditional financing solutions cannot help. It will increase their buying power and qualify them for discounts, which will enable companies to further improve margins and make their operations more profitable.”
Mr. Nelson Holzner, Co-Founder, and CEO of Modifi remarked that, “It’s a very important market for Modifi and we see a lot of demand for our digital trade finance solution. Like Tradeling, Modifi believes that trade is a key driver for development around the globe, and we are happy to enable local buyers and sellers to grow their businesses.”
Led by a team of experienced technology startup builders, Tradeling ensures a reliable and smooth trade process in addition to providing logistics and financing solutions. Connecting global suppliers with the Middle East and North Africa (MENA)-based demand, Tradeling leverages advanced technology to optimize the supply chain and creates economic value in addition to mitigating risks.
Currently, Tradeling has more than 100,000 registered buyers and sellers from 55 countries with gross merchandising value growth of more than 65 percent month over month.
Modifi offers customers with simple digital solutions to finance their trades, protect them from risk, and easily track and manage their shipments. The company currently operates offices in New York, Berlin, Amsterdam, Delhi, Mumbai, Dhaka, Shenzhen, Hong Kong and Dubai.
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