Fintech startup MODIFI raises $24 Mn in Series B, to empower Indian SMEs
Image Credit: Inc42
Currently, nearly 99% of all firms are small and medium enterprises (SMEs) in India, contributing to 48% of the country’s exports. Moreover, SME lending and financing are also picking up pace during the pandemic. For instance, between January and August 2021, lending tech startups secured $860 Mn in funding.