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Modulr scoops two awards on first entry into The Rewards 2018

Modulr wowed a panel of 15 industry specialists at the Rewards 2018, achieving two top prizes – the Technology Award and the International Payments Provider Award.
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The Reward 18 Modulr winnerThe Rewards is the biggest and most esteemed awards scheme in the rewards, payroll and HR calendar. This year it took place at the Hilton London Bankside on Wednesday 7th November, where hundreds of industry professionals gathered to celebrate the best of the industry. The whole team are thrilled to have come home with not one but two prizes in our first year of entering.

The judging panel comprised of industry leaders from organisations including The Chartered Institute of Payroll Professionals (CIPP), The Chartered Institute of Personal development (CIPD), and PwC. On the International Payments Provider Award, they said: "Modulr was a clear winner, with consistently high scores reflecting a great business using technology to disrupt a traditional space in the market."

On the Technology Award, they said: "Once again the judges were extremely impressed by Modulr. They said it is refreshing to see something genuinely new and innovative compared to BACS and other payment methods."

Since the first pilot client went live in 2016, Modulr has onboarded more than 77 direct customers and processed £5.7bn of aggregate payment volume on its platform. The team has grown from 35 employees in December 2017 to 75, with plans to increase that number to 100 by the end of the year.

View the full list of award winners here.

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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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