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Press Release

We're named the second fastest growing UK tech company

We're delighted to say that we've been named the second fastest growing tech company in the UK, according to Dun&Bradstreet. Announced yesterday in Dun&Bradstreet's Accelerate50, we achieved the second highest 3 year CAGR, with 430.39%, from 50 tech companies. We would also like to congratulate our customers Iwoca and Revolut who featured in the list, too.

Our growth over the last three years - and since inception in 2016 - is testament to the strength of the market opportunity and our customers' willingness to automate, embed and build new payment services, together.

Myles Stephenson, CEO of Modulr, commented: “All of us at Modulr are delighted to be named the second fastest growing UK tech company. It’s validation of how we solve our customers’ problems through our company mission of enabling any business to embed payments into their platform. Before starting Modulr, we were frustrated by the inadequacy of payment services for forward thinking businesses, and we knew the payments space well.

"We set about creating a payments platform that combined a tech stack, regulatory permissions and deep access to critical payments infrastructure. 5 years on and we remain steadfast and true to that original mission. That’s why we’re excited to see an acceleration in the global shift towards payments provided by ‘software as default’ as more and more businesses become powered by Modulr.”

While Modulr has scaled dramatically in these last three years, we're nowhere near finished and we can't wait to deliver on the overall potential of our offering to customers and partners.

We see a future where businesses can plug their own software directly into payment rails. A digital future where businesses can move and manage money between themselves seamlessly. Where businesses can become payment companies.

More importantly, we see a future where payment services for businesses are not provided 'bank by default' but 'software by default'. And we're enabling that shift. Designed by you, and powered by Modulr.


 

To stay up to date and hear about some exciting Modulr news and launches ahead of the wider industry, sign up to our monthly newsletter for pure payments research, insight and VIP invites.

And we're hiring, too! Check out our open roles and help us enable the shift.

About Modulr
Modulr has grown to become the leading provider of embedded payments to organisations across the UK and Europe. Embedded payments is a new category that permits payments to become part of organisations’ technology stack, upgrading them to become payments companies themselves. Modulr enables hundreds of enterprise customers and thousands of SME customers to embed account creation, payment out, reconciliation of payment in, card issuing and many open banking and similar features into their own business process flows via API calls and webhooks into Modulr’s cloud platform. Core to Modulr’s success has been the platform itself, Modulr’s regulatory status as an EMI in the UK and Europe, its connections to payments and other financial service schemes, its ability to operate at scale, and its compliance rigour. Today Modulr handles over £100bn of annualised payment volume and its platform handles on average 30 API calls per second.

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