Modulr - About the company
Modulr is a series C company based in London (United Kingdom), founded in 2016 by Myles Stephenson, Manoj Kumar Badale and Ritesh Tendulkar. It operates as a Provider of automated payment processing and financial infrastructure software tools. Modulr has raised $200M in funding from investors like PayPal, General Atlantic and Blenheim Chalcot, with a current valuation of £*****. The company has 858 active competitors, including 186 funded and 76 that have exited. Its top competitors include companies like Razorpay, Ramp and TrueLayer.
Company Details
Provider of automated payment processing and financial infrastructure software tools. This platform enables businesses to manage accounts payable, payroll, and spend control through integrated digital systems. It facilitates the issuance of virtual and physical cards while supporting various payment methods including instant, scheduled, and recurring transactions. The technology connects with accounting and payroll software to streamline financial operations and automate money movement. It provides tools for collections and treasury management to assist with cash flow and transaction reconciliation. The infrastructure supports multiple currencies and provides access to payment networks for business finance management.
- Website
- www.modulrfinance.com/
- Social
- Email ID
- *****@modulrfinance.com
- Phone Number
- +44 **********
- Registered Address
- SCALE SPACE,58 WOOD LANE,LONDON,UNITED KINGDOM,W12 7RZ
Key Metrics
Founded Year
2016
Location
London, United Kingdom
Stage
Series C
Total Funding
$200M in 12 rounds
Latest Funding Round
Post Money Valuation
£***** as on Dec 08, 2022
Ranked
19th among 858 active competitors
Annual Revenue
£50M - £100M as on Dec 31, 2024
Employee Count
525 as on Aug 31, 2026
Investment & Acquisitions
Legal entities associated with Modulr
Modulr is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MODULR ICB LIMITED CIN: 9897934 , United Kingdom, Active | Dec 01, 2015 | - | 2 (As on Dec 31, 2023) | |
MODULR HOLDINGS LIMITED CIN: 9895588 , United Kingdom, Active | Nov 30, 2015 | £50M - £100M (As on Dec 31, 2024) | - | |
MODULR Holdings Limited CIN: 9895588 , Germany, Active | Nov 30, 2015 | - | 325 (As on Dec 31, 2023) | |
MODULR FINANCE LIMITED CIN: 09897957 , United Kingdom, Active | Dec 01, 2015 | £10M - £50M (As on Dec 31, 2023) | 183 (As on Dec 31, 2023) |
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Modulr's funding and investors
Modulr has raised a total funding of $200M over 12 rounds. Its first funding round was on Feb 01, 2016. Its latest funding round was a Series C round on May 13, 2022 for $*****. 5 investors participated in its latest round. Modulr has 14 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Modulr:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 13, 2022 | 3612993 | Series C | 3777398 | 7440367 | 7969275 | 8930112 |
Apr 13, 2021 | 7456672 | Series C | 7714609 | 6226521 | 2597613 | 5320525 |
Nov 09, 2020 | 1095097 | Series C | 7029680 | 5580538 | 4079767 |
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Modulr's founders and board of directors
Founder? Claim ProfileThe founders of Modulr are Myles Stephenson, Manoj Kumar Badale and Ritesh Tendulkar. Myles Stephenson is the CEO of Modulr.
Here are the details of Modulr's key team members:
- Myles Stephenson: Co-Founder & CEO of Modulr and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Manoj Kumar Badale: Co-Founder of Modulr.
- Ritesh Tendulkar: Co-Founder & Chief Innovation Officer of Modulr.
Modulr's Board of Directors
Modulr's board has 6 active members. Myles Stephenson, Manoj Kumar Badale and Robert Alan Devey are part of team and Laurence Garrett, Chris Brooks and Robert Michael Reid are independent board members.Here is the list of Modulr's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 7m | |
Team | - | Current | 10y 7m | |
zseqqul | Team | - | Past | 4y 8m |
Investor | - | Current | 5y 7m | |
Independent board member | - | Current | 6y 4m | |
bbubhon | Independent board member | - | Current | 5y 3m |
llsvssb | Independent board member | - | Current | 6y 1m |
dtlneal | Independent board member | - | Past | 4y 3m |
View details of Modulr's Founder profiles and Board Members
Modulr's employee count trend
Modulr has 525 employees as of Aug 26. Here is Modulr's employee count trend over the years:
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Modulr's Competitors and alternates
Top competitors of Modulr include Razorpay, Ramp and TrueLayer. Here is the list of Top 10 competitors of Modulr, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd |  Ramp 2019, New York City (United States), Series F | Provider of a platform for spend management, corporate cards, and payables | $3.22B | 84/100 | |
3rd | TrueLayer 2016, London (United Kingdom), Series E | Open banking platform enabling secure bank-to-bank payments and payouts | $322M | 78/100 | |
4th | Provider of digital accounts, prepaid cards, and payment processing services | $50M | 76/100 | ||
5th |  Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for businesses and individuals | $266M | 74/100 | |
6th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
7th |  Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
8th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
9th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 71/100 | ||
10th |  Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
19th |  Modulr 2016, London (United Kingdom), Series C | Provider of automated payment processing and financial infrastructure software tools | $200M | 68/100 |
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Modulr's Investments and acquisitions
Modulr has acquired Nook. Modulr has not made any investments as of now.Reports related to Modulr
Here is the latest report on Modulr's sector:
News related to Modulr
Filter this listMedia has covered Modulr for a total of 8 events in the last 1 year, 4 of them have been about partnerships and 2 about company updates.
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Modulr Becomes Direct Participant in UK's CHAPS Payment Scheme, Connecting to Bank of EnglandCrowdfund Insider•Aug 19, 2026•Modulr
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Fintech Modulr Reports Achieving Profitability, Processing £180B in Annualized Payment ValueCrowdfund Insider•Feb 06, 2026•Modulr
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Modulr and FIS Partner to Enhance Real-Time Payments in the USPYMNTS.com•Jan 08, 2026•International Ski Federation, Modulr
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Modulr Partners with Conferma to Modernize Payments for Travel IndustryTravolution•Dec 12, 2025•Modulr, Conferma Connect
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Mantle and Modulr Partner to Streamline Pension Payroll and Enhance Member ExperienceFintech Finance•Nov 14, 2025•Mantle Network, Modulr
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PayPal-backed UK fintech Modulr initiates legal battle over unpaid fees from DapioCity A.M.•Oct 22, 2025•Paymob, Modulr
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