The sale of PrimaDollar's export trade finance business to MODIFI has now completed. The transaction only relates to future business, with PrimaDollar retaining its current outstanding trade finance book.MODIFI provides trade finance to businesses across the world on a single digital platform. The company has offices in Amsterdam, Berlin, New Delhi, Shenzhen, Hong Kong, and Dubai. With digital onboarding and a paperless platform, customers can get working capital in a matter of days. MODIFI pays exporters' outstanding invoices and covers the risk of buyer defaults.
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