What is Modulr Finance?
Modulr Finance operates as a Payments as a Service API platform, designed for digital businesses seeking seamless integration into their existing products and systems. Headquartered in Edinburgh, United Kingdom, the company empowers businesses to embed payment functionalities directly within their offerings, streamlining financial operations and enhancing customer experiences. Its API-first approach caters to the evolving needs of digital-native enterprises.
How much funding has Modulr Finance raised?
Modulr Finance has raised a total of $143.1M across 3 funding rounds:
Other Financing Round
$23.2M
Private Equity
$11.9M
Series C
$108M
Other Financing Round (2020): $23.2M with participation from Frog Capital and Highland Europe
Private Equity (2020): $11.9M led by PayPal Ventures
Series C (2022): $108M supported by Frog Capital, General Atlantic, and Blenheim Chalcot
Key Investors in Modulr Finance
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
Frog Capital
Frog Capital specializes in providing growth capital and operational support to purpose-driven European software scale-ups. Their services include a comprehensive Scale-Up Methodology, which offers toolkits, podcasts, and expert insights to help companies scale while maintaining their core values. The firm targets entrepreneurial teams seeking investment, funds looking to enhance portfolio value, and investors interested in European technology scale-ups. With a team of experienced operating partners, Frog Capital aims to support leaders in navigating the challenges of rapid growth.
Highland Europe
Highland Europe provides growth capital to exceptional teams, focusing on building collaborative and successful relationships. The company invests in growth-stage, product-led companies across software and consumer sectors in Europe and Israel, targeting those with strong customer momentum and clear product-market fit. With over $3 billion in assets under management and a portfolio of more than 70 companies, Highland Europe is committed to supporting ambitious teams ready to scale. Their ethos emphasizes founder-centric values and long-term investment strategies.
What's next for Modulr Finance?
With substantial enterprise-level backing and a recent major strategic investment, Modulr Finance is poised for accelerated growth. The company is likely to focus on expanding its service offerings, enhancing its technological infrastructure, and broadening its market reach, both domestically and internationally. This capital infusion will support further innovation in the Payments as a Service sector, solidifying Modulr's position as a key player in the fintech ecosystem and enabling it to capture a larger share of the digital payments market.
See full Modulr Finance company page
