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Fintech startup MODIFI raises $24 Mn in Series B, to empower Indian SMEs

Shortpedia

Content Team
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.