Modulr Finance - About the company
Modulr Finance is a series C company based in London (United Kingdom), founded in 2015 by Myles Stephenson, Manoj Kumar Bithal, Manoj Kumar Badale and Ritesh Tendulkar. It operates as a Provider of automated payment processing and financial account management software. Modulr Finance has raised $200M in funding from investors like PayPal, General Atlantic and Blenheim Chalcot, with a current valuation of £*****. The company has 648 active competitors, including 188 funded and 73 that have exited. Its top competitors include companies like Razorpay, Ramp and Cross River Bank.
Company Details
Provider of automated payment processing and financial account management software. This platform enables businesses to integrate payment capabilities directly into their internal systems. It facilitates the issuance of virtual and physical cards, the management of accounts payable, and the execution of recurring or scheduled payouts. The technology supports the collection of funds and provides tools for monitoring business spending. By connecting with accounting and payroll software, the system automates financial workflows to handle transactions and supplier payments.
- Website
- www.modulrfinance.com/
- Social
- Email ID
- *****@modulrfinance.com
Key Metrics
Founded Year
2015
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
30th among 648 active competitors
Employee Count
482 as on Mar 31, 2026
Investment & Acquisitions
Legal entities associated with Modulr Finance
Modulr Finance is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
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 | $45.6M (As on Dec 31, 2023) | 183 (As on Dec 31, 2023) | |
MODULR HOLDINGS LIMITED CIN: 9895588 , United Kingdom, Active | Nov 30, 2015 | - | - | |
MODULR ICB LIMITED CIN: 9897934 , United Kingdom, Active | Dec 01, 2015 | - | 2 (As on Dec 31, 2023) |
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Modulr Finance's funding and investors
Modulr Finance 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 Finance has 14 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Modulr Finance:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 13, 2022 | 6216412 | Series C | 7279725 | 9942608 | 4016214 | 5096191 |
Apr 13, 2021 | 7235481 | Series C | 8879258 | 7615972 | 1752737 | 7147937 |
Nov 09, 2020 | 1511929 | Series C | 3007487 | 2116926 | 8496832 |
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Modulr Finance's founders and board of directors
Founder? Claim ProfileThe founders of Modulr Finance are Myles Stephenson, Manoj Kumar Bithal, Manoj Kumar Badale and Ritesh Tendulkar. Myles Stephenson is the CEO of Modulr Finance.
Here are the details of Modulr Finance's key team members:
- Myles Stephenson: Co-Founder & CEO of Modulr Finance 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 Bithal: Co-Founder of Modulr Finance. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Manoj Kumar Badale: Co-Founder of Modulr Finance.
- Ritesh Tendulkar: Co-Founder of Modulr Finance.
Modulr Finance's Board of Directors
Modulr Finance'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 Finance's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 3m | |
Team | - | Current | 10y 3m | |
bodgxx{ | Team | - | Past | 4y 2m |
Investor | - | Current | 5y 3m | |
Independent board member | - | Current | 6y 0m | |
jhzq{yu | Independent board member | - | Current | 1y 9m |
wmgrlsc | Independent board member | - | Current | 1y 9m |
{vxgzwt | Independent board member | - | Past | 4y 8m |
View details of Modulr Finance's Founder profiles and Board Members
Modulr Finance's employee count trend
Modulr Finance has 482 employees as of Mar 26. Here is Modulr Finance's employee count trend over the years:
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Modulr Finance's Competitors and alternates
Top competitors of Modulr Finance include Razorpay, Ramp and Cross River Bank. Here is the list of Top 10 competitors of Modulr Finance, 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 | 86/100 | ||
2nd |  Ramp 2019, New York City (United States), Series E | Provider of a platform for spend management, corporate cards, and payables | $2.44B | 85/100 | |
3rd |  Cross River Bank 2008, Fort Lee (United States), Series D | Provider of an open banking API solutions for financial institutions | $898M | 79/100 | |
4th | Provider of digital accounts, prepaid cards, and payment processing services | $50M | 77/100 | ||
5th | Provider of open banking platform offering payment services and data enrichment | $359M | 77/100 | ||
6th | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking platform facilitating payments and data solutions | $322M | 77/100 | |
7th | Provider of in-store and online payment, prepaid, and financial solutions | $954M | 76/100 | ||
8th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
9th | Developer of open banking API solutions | $280M | 72/100 | ||
10th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
30th |  Modulr Finance 2015, London (United Kingdom), Series C | Provider of automated payment processing and financial account management software | $200M | 66/100 |
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Modulr Finance's Investments and acquisitions
Modulr Finance has acquired Nook. Modulr Finance has not made any investments as of now.Reports related to Modulr Finance
Here is the latest report on Modulr Finance's sector:
News related to Modulr Finance
Filter this listMedia has covered Modulr Finance for a total of 6 events in the last 1 year, 4 of them have been about partnerships and 1 about company updates.
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Fintech Modulr Reports Achieving Profitability, Processing £180B in Annualized Payment ValueCrowdfund Insider•Feb 06, 2026•Modulr Finance
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Modulr and FIS Partner to Enhance Real-Time Payments in the USPYMNTS.com•Jan 08, 2026•International Ski Federation, Modulr Finance
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Modulr Partners with Conferma to Modernize Payments for Travel IndustryTravolution•Dec 12, 2025•Modulr Finance, 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 Finance
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Modulr secures contract with HMRC for Confirmation of PayeeFinextra•Dec 16, 2024•Modulr Finance, Gov
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Modulr Acquires Accounts Payable Automation Disruptor NookFintech Finance•Nov 19, 2024•Modulr Finance, Nook, Nook London
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