The advent of the Internet of Things (IoT) has enabled millions of potential new uses for consumers and businesses. However, with these new uses emerge some of the more pronounced risks in the connected object domain. Finite fields play a crucial role in many public-key cryptographic algorithms (PKCs), which are used extensively for the security and privacy of IoT devices, consumer electronic equipment, and software systems. Given that inversion is the most sensitive and costly finite field arithmetic operation in PKCs, this paper proposes a new, fast, constant-time inverter over prime fields based on the traditional Binary Extended Euclidean (BEE) algorithm. A modified BEE algorithm (MBEEA) resistant to simple power analysis attacks (SPA) is presented, and the design performance area-delay over is explored. Furthermore, the BEE algorithm, modular addition, and subtraction are revisited to optimize and balance the MBEEA signal flow and resource utilization efficiency. The proposed MBEEA architecture was implemented and tested on Xilinx FPGA Virtex #5, #6, and #7 devices. Our implementation over (length of p = 256 bits) with 2035 slices achieved one modular inversion in only 1.12 μs on Virtex-7. Finally, we conducted a thorough comparison and performance analysis to demonstrate that the proposed design outperforms the competing designs, i.e., has a lower area-delay product (ADP) than the reported inverters.