Startup Spotlight: Modulr Finance
Name: Modulr Finance
Twitter Handle: @ModulrFinance
Management/Leadership team: Myles Stephenson - Chief Executive
Founded (Date & Location): December, 2015
Describe your business:
Modulr is the Payments as a Service API platform for digital businesses. Our API integrates into any product or system. Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Once integrated, businesses can instantly set up as many accounts as they need. Getting paid, reconciling and making payments is fully automated and can be managed in real-time, 24/7 through their existing software applications. Modulr’s API makes it easy for businesses to streamline existing services, launch new products and scale more efficiently. Modulr combines its API enabled platform with authorisation from the UK’s Financial Conduct Authority as an Authorised Electronic Money Institution to deliver a fully regulated service. Modulr processes a total of £14bn in 1.5m monthly transactions for businesses across lending, payments fintech, payroll services, travel, marketplaces and more. Modulr moves money to power business productivity.
Why did you choose FinTech Connect?
Generate interest/leads, Create greater awareness of Modulr within accountancy, Building partner relationships