Modulr offers Payments-as-a-Service which automates payment flows, embeds payments in other platforms and enables customers to launch entirely new services. Most notably, their platform has offers the unique benefit of direct access to the Bank of England, allowing Modulr to settle funds at the UK’s central bank.
The company's clients include more than 200 companies, including Revolut, Wagestream, Sage and BrightPay, and their millions of customers.
Modulr raised $108M (£83M) in Series C funding led by General Atlantic, and existing investors, with the goal of becoming the leading provider of embedded payments to digital businesses across the UK and Europe.
2022 • Series C
Modulr is a UK-based fintech startup that provides a ""Payments-as-a-Service"" API for digital businesses.
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Politician Stacey Abrams and entrepreneur Lara Hodgson have first-hand experience with the disconnect in the business-to-business invoicing life cycle: It was exactly these challenges which forced them to close their startup Nourish one decade ago (in 2012), which made spill-proof bottled water for children. Now raised $29M in 2021 with this deck.
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