Modulr is the Payments as a Service API platform for digital businesses. Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Businesses can automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves. All managed in real-time, 24/7 from one API.
Modulr is regulated as an Electronic Money Institution by the FCA, the Central Bank of Ireland and the Central Bank of the Netherlands. Modulr is also a directly connected participant of Faster Payments and Bacs, enabling it to hold and settle funds at the Bank of England, and a principal issuing member of both Visa and Mastercard. Modulr has offices in Edinburgh, Amsterdam, London and Dublin.
“We started Modulr to solve one of the biggest frustrations for businesses – the manual nature and time and cost involved in sending and receiving payments. Modulr is built for businesses that need a faster, easier and more reliable way to move money. We do that by combining our API payment platform with our FCA authorisation, access to the payment schemes and our industry leading SLA, which guarantees 24×7 availability.” Myles Stephenson, Modulr’s CEO and founder.
Modulr’s mission is to move money efficiently to power business productivity. The current payments infrastructure is holding businesses back. Modulr is building the new digital payment service to make money flow more efficiently through businesses and the economy.
Since the first pilot client went live in 2016, Modulr has onboarded more 200 customers and processed 150m transactions with a value of £100bn (aggregate payment volume and value) through its platform.
Modulr was named a Deloitte UK Technology Fast 50 winner and the second fastest growing tech company in the UK by Dun&Bradstreet. And, the company has received strategic investment from the venture arm of both FIS and PayPal, as well as venture specialists Blenheim Chalcot, Frog Capital and Highland Europe.
Modulr now employs 300 people and has offices in some of Europe’s largest financial hubs: Edinburgh and London, as well as Dublin and the Netherlands.
The leadership team includes:
Myles Stephenson, Chief Executive Officer & founder
Emma Kelly, Chief Financial Officer
Jakub Zmuda, Chief Strategy Officer
Ritesh Tendulkar, Chief Innovation Officer
Andrew Griffin, Corporate Development Director
Mike Pilcher, Chief Sales Officer
Kevin Hayes, Company Secretary
James Holroyd, Chief Operating Officer
Altay Ural, Chief Product & Technology Officer
Marca Wosoba, Managing Director, Europe