Overview
Modulr, based in Edinburgh, United Kingdom, has raised $108M in a Series C round on May 18, 2022, with participation from General Atlantic. The company unlock business growth with embedded payments. The round will be used to accelerate product development, expand the team, and scale go-to-market operations.
Operating in the financial services sector, Modulr is positioned to capitalize on growing demand for innovative solutions in this space. The company was founded in 2015 by Myles Stephenson. Myles brings deep domain expertise and a track record of execution that attracted investor confidence in this round. With fresh capital, the company is expected to invest heavily in R&D and talent acquisition, signaling a period of aggressive growth ahead.
Market Outlook
This funding positions Modulr as one to watch in the financial services landscape. As the company scales, it will likely become an increasingly attractive partner — and customer — for B2B vendors looking to sell into well-funded, growth-stage companies. The post-raise window of 60-90 days is typically when startups are most receptive to new tools, services, and partnerships.
Why contact Modulr now
Modulr just closed $108M in Series C funding — which means they're actively scaling their team, upgrading their tech stack, and looking for vendors who can help them move fast. Companies at this stage typically make purchasing decisions within 60-90 days of closing a round. If you sell to financial services companies, this is your window to reach out before competitors do.
Founders & Contacts
Investors
Company Facts
| Company | Modulr |
| Amount Raised | $108M |
| Funding Round | Series C |
| Date Raised | May 18, 2022 |
| Founded | 2015 |
| Industry | Financial Services |
| Founders | Myles Stephenson |
| HQ Location | Edinburgh, United Kingdom |
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