Modulr is selected for first cohort of the FCA’s Scale-up Unit for solo-regulated firms
London, UK | 10 August 2026: Modulr, the payments automation platform built to scale, today announces it has been selected for the first cohort of the Financial Conduct Authority (FCA) Scale-up Unit for solo-regulated firms.
The Scale-up Unit gives established, fast-growing regulated firms a dedicated point of contact and practical support as they scale. It also gives members the opportunity to contribute to the UK’s financial ecosystem and inform future policies, with a focus on innovation and growing the UK economy.
Modulr brings 10 years of experience to the cohort as a regulated, scaling payments provider in the UK. The company now processes more than 200mn transactions and over £180bn in payment value on an annualised basis for more than 6,000 businesses, from fast-growing SMEs to global enterprises.
Participation in the Scale-up unit comes as Modulr continues to expand in the UK and globally with a recent US launch, after reaching profitability in 2025.
Myles Stephenson, Founder and CEO of Modulr, commented:
“The UK has established itself as a leading financial services hub, allowing fast-paced businesses like Modulr to scale. To continue innovating and investing in the future of the UK economy, strong collaboration between industry and the FCA is critical. I am excited for Modulr to work with the FCA and other solo-regulated firms through the Scale-up Unit over the coming months, and to help shape the UK’s already exciting financial services landscape.
For more information on the Scale-up Unit and the full cohort, see the FCA website: https://www.fca.org.uk/news/press-releases/fca-boosts-support-innovative-firms-scale-grow
About Modulr
Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business – including payroll, supplier payments, spend management, and payment collection – which in turn removes manual work, lowers operational costs, and reduces errors.
Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses, from fast-growing SMEs to global enterprises, including through a partnership with global financial technology leader FIS. As founding shareholders of the UK Payments Initiative (UKPI), Modulr provides direct access to commercial Variable Recurring Payments.
Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB).
To learn more, visit modulrfinance.com. Follow Modulr on LinkedIn and YouTube.
