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Modulr Finance

Modulr Finance

Private

Last Round

Series C

May 18, 2022

Est. Valuation

$146.97M

Total Funding Raised

$133.96M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Modulr Finance is a fintech company that provides a payments-as-a-service API platform designed to facilitate faster, easier, and more reliable money movement for digital businesses by automating payment flows and enabling the integration of payments into various products and systems.

Sector

FinTech

Verticals

Digital Payments, Platform-as-a-Service, Corporate Banking, Compliance & Risk

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Payment Processing Fee

AI Layer

Application

Keywords

payments-as-a-serviceembedded financepayment APIbanking-as-a-serviceBaaSconfirmation of payeeaccounts payable automationAP automationreal-time paymentscard issuancepayment infrastructurefintech infrastructurewhite-label paymentscross-border paymentsfraud prevention

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Modulr Finance Comps

Public and private peers based on sector, stage, and business model.

Modulr Finance comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Modulr Finance Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series CMay 18, 2022
StrategicApr 13, 2021
VC RoundNov 18, 2020
VC RoundMay 13, 2020
GrantAug 14, 2019
VC Round
May 20, 2019

Key People

Founding team and executive leadership

Myles Stephenson

Founder & Chief Executive

Founding Team

Ritesh Tendulkar

Chief Innovation Officer, Co-founder

Founding Team

Sonal Chavare

Director Of Engineering, CTO Division

Executive Team

Vivek Awasthi

Chief Technology Officer

Executive Team

Modulr Finance Investors

Notable investors and investment history

Modulr Finance investors
InvestorRounds
PayPal VenturesSeries C, VC Round
Blenheim VenturesSeries C
FIS VenturesSeries C, Strategic
Fgc Nominee LtdSeries C
Banking Competition RemediesGrant
Blenheim ChalcotVC Round, Seed, Series C
Frog CapitalVC Round, Series C

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 21, 2026

    Thredd mentioned as a third-party integration partner.

  • Apr 18, 2026

    Added Pax2pay Ltd, a Travel Technology/Fintech startup, as a customer.

Modulr Finance Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Modulr Finance Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Modulr Finance's valuation, stock price, and market status.

Firmographic Details

HeadquartersLondon
Employee Range509
Year Founded2015
Last FundingMay 18, 2022

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