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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 685 active competitors, including 188 funded and 74 that have exited. Its top competitors include companies like Razorpay, Ramp and Cross River Bank.

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.
Social
X
Email ID
*****@modulrfinance.com
Phone Number
+44 **********
Key Metrics
Founded Year
2016
Location
Stage
Series C
Total Funding
$200M in 12 rounds
Latest Funding Round
Post Money Valuation
£***** as on Dec 08, 2022
Investors
Ranked
Annual Revenue
£50M - £100M as on Dec 31, 2024
Employee Count
525 as on Jul 31, 2026
Investment & Acquisitions
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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:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
May 13, 2022
9700181
Series C
2529500
6983547
8945538
9283884
Apr 13, 2021
2892366
Series C
2456617
9734937
9526656
2542941
Nov 09, 2020
2768557
Series C
9196418
8141210
6502453
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Modulr's founders and board of directors

Founder? Claim Profile
The 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:

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 5m
Team
-
Current
10y 5m
qkxmwwv
Team
-
Past
6y 7m
Investor
-
Current
5y 5m
Independent board member
-
Current
6y 2m
rrmb{ie
Independent board member
-
Current
6y 4m
lpiknbf
Independent board member
-
Current
4y 6m
nzxiypn
Independent board member
-
Past
8y 9m

Modulr's employee count trend

Modulr has 525 employees as of Jul 26. Here is Modulr's employee count trend over the years:
Employee count trend for Modulr
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Modulr's Competitors and alternates

Top competitors of Modulr include Razorpay, Ramp and Cross River Bank. Here is the list of Top 10 competitors of Modulr, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Razorpay
Razorpay
2014, Bengaluru (India), Series F
Provider of payment and business banking solutions for enterprises
$742M
86/100
2nd
Logo for Ramp
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
Logo for Cross River Bank
Cross River Bank
2008, Fort Lee (United States), Series D
Platform offering API-driven financial infrastructure
$898M
79/100
4th
Logo for TrueLayer
TrueLayer
2016, London (United Kingdom), Series E
Open banking platform enabling secure bank-to-bank payments and payouts
$322M
78/100
5th
Logo for NG.CASH
NG.CASH
2021, Rio de Janeiro (Brazil), Series B
Provider of digital accounts, prepaid cards, and payment processing services
$50M
77/100
6th
Logo for M2P Fintech
M2P Fintech
2014, Chennai (India), Series D
Provider of APIs enabling banking, lending, and payment financial services
$188M
74/100
7th
Logo for Tink
Tink
2012, Stockholm (Sweden), Acquired
Provider of open banking platform offering payment services and data enrichment
$359M
73/100
8th
Logo for Galileo
Galileo
2000, Sandy (United States), Acquired
Provider of cloud-based platform for financial technology and digital banking
$85M
72/100
9th
Logo for Solaris
Solaris
2016, Berlin (Germany), Acquired
Provider of banking-as-a-service platform offering digital banking and payment solutions
$736M
72/100
10th
Logo for Bud
Bud
2015, London (United Kingdom), Series B
Developer of open banking API and financial data analysis for businesses
$103M
71/100
20th
Logo for Modulr
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

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Media 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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FAQs about Modulr

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