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European fintech MODIFI announces $60M debt facility with Silicon Valley Bank; to focus on Indian SMBs

European fintech MODIFI announces $60M debt facility with Silicon Valley Bank; to focus on Indian SMBs
MODIFI will use the funds in addressing the increasing demand in India and other existing markets and fuel its continued growth in the US.
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a new $60 million debt facility with Silicon Valley Bank (SVB), bringing its
total capital raised to $111 million.
SVB’s German branch will help in addressing the increasing demand in India and other existing markets, as well as fuel MODIFI’s continued growth in new geographies, particularly the US, the company said in a statement.
Founded in 2018, the paperless online platform MODIFI attempt to help small and medium businesses foster international partnerships and benefit local economies. ....

Hong Kong , Ravi Narwani , Nelson Holzner , Silicon Valley Bank , European Startups , Smbs In India , ஹாங் காங் , ரவி நர்வானி , சிலிக்கான் பள்ளத்தாக்கு வங்கி , ஐரோப்பிய தொடக்கங்கள் , ஸ்ம்ப்ச் இல் இந்தியா ,

EU-India Innovation Centre for collaboration among India and EU startups launches operations

EU-India InnoCentre for collaboration among India and EU startups launches operations
The EU-India Innovation Centre led by companies from both regions aims for closer ties among startups, which will further enhance the ecosystem.
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EU-India InnoCentre, which is the collaboration platform between the regions of the European Union (EU) and India for the startup ecosystem, has launched its operations.
The platform will
select and prepare European startups to collaborate with Indian companies to stimulate bilateral cooperation between India and Europe.
This group is formed by six companies with India representation from
Mantra Foundation and 91springboard. The European counterparts are Civitta, German Entrepreneurship GmbH, DutchBasecamp, and uGlobally. ....

Ajay Krishnan , Indre Kulikaukaite , European Union Horizon , European Union , Mantra Foundation , Innovation Centre , India Innovation Centre , German Entrepreneurship Gmbh , Indian Startups , European Startups , ஜெய் கிருஷ்ணன் , ஐரோப்பிய தொழிற்சங்கம் அடிவானம் , ஐரோப்பிய தொழிற்சங்கம் , மந்திரம் அடித்தளம் , கண்டுபிடிப்பு மையம் , இந்தியா கண்டுபிடிப்பு மையம் , ஜெர்மன் தொழில் முனைவோர் கஂப் , இந்தியன் தொடக்கங்கள் , ஐரோப்பிய தொடக்கங்கள் ,