Modulr moves money efficiently to power business productivity

We’re building the new digital payment service to make money flow more efficiently through businesses and the economy.

We have the solution

Automate your payment flows, including receivables, payables, collections and disbursements. Maximise efficiency and reduce operational costs.

Put payments at the heart of your platform, workflows and customer experiences. All from within your own software.

We're the 'out of the box' payments plumbing you need to build the next best bank or payment service, quickly and efficiently.

Our Story

December 2015

Modulr incorporated

September 2016

Authorised as an E-Money Institution

October 2016

£1m monthly payments

February 2017

Went live with Revolut

June 2017

£100m monthly payments

October 2017

Went live with Iwoca

January 2018

500k monthly transactions

August 2018

1m monthly transactions

February 2019

Went live with Sage

May 2019

Raised £14m from Blenheim Chalcot and Frog Capital

August 2019

Awarded £10m from the Capability & Innovation Fund (RBS Alternative Remedies Package)

September 2019

LinkedIn Top Startup in the UK

February 2020

Our direct access wins at Card and Payments Awards

March 2020

We become a principal issuing member of Visa


Authorised, regulated and secure

Modulr is authorised and regulated by the FCA as an Electronic Money Institution (FRN: 900573). So we can issue accounts with sort codes and Euro IBANs. Our accounts access existing payments services – Bacs, CHAPS, Faster Payments, SEPA and (soon) Mastercard - so businesses can receive and make payments easily.

All built on a secure platform with multi-factor authentication, activity observation and regular penetration testing.

logo-faster-payments logo-bacs logo-chaps logo-sepa

Get to know our leadership

LinkedIn Myles Stephenson Chief Executive Officer
Jakub Zmuda Chief Strategy Officer
Chris Brooks Chief Financial Officer
Peter Baxendale Modulr
Peter Baxendale Chief Revenue Officer
Ritesh (2)
Ritesh Tendulkar Chief Technology Officer
Kevin Hayes Company Secretary
James Holroyd Chief Operating Officer
Altay Ural Chief Product Officer

Join the Pathfinders Programme

Join the test community and help us to create our new payments solutions.


Find us


Scale Space, 58 Wood Lane, London, W12 7RZ, UK


80 George St, Edinburgh, EH2 3BU, UK


77 Sir John Rogerson's Quay, Dublin 2, D02 NP08, Ireland