5 years ago

Modulr Secures €21.3 Million to Transform Corporate Payments

  • Modulr, a London-based digital payments platform, has raised €21.3 million in a growth funding round led by Highland Europe

  • Existing investors, including Frog Capital, also participated

  • The funding will be used to expand Modulr's product offerings, including card issuing and deeper European payment capabilities, and to support the company's expansion into new markets

  • Modulr, which has processed over €28 billion in payments, aims to simplify and automate business payment flows, providing a faster and more efficient alternative to traditional banking solutions.

      • ProblemFinancial Services

      "Businesses, especially small businesses, face high administrative costs and inefficiencies associated with traditional wholesale and transaction banking."

      Solution

      "Modulr offers a digital payment account for businesses that replaces traditional bank accounts, providing faster, easier, and more reliable payment solutions. It automates business payment flows, embeds payments into platforms, and enables businesses to build new payment products and services, reducing costs and increasing efficiency."

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