Modulr
London, United Kingdom
What it is
Modulr provides a platform for businesses to automate money moving into and out of an organisation. Its products include payroll payments, accounts payable, spend management, and collections. Accounts are available in GBP, EUR, and nine other currencies, with local IBANs in GB, NL, ES, FR, and IE. Payment services include instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA, and SWIFT. Businesses can issue virtual and physical Visa and Mastercard cards, use Apple Pay and Google Pay, and set controls such as spend limits, authorisation windows, and merchant category code restrictions. Listed integrations include BrightPay, Sage, Xero, QuickBooks, Workforce, and Conferma; Sage Intacct is marked as coming soon. Developers have API documentation, guides, and sandbox access. Modulr says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands. It is not a bank: customer funds are safeguarded rather than covered by FSCS. Pricing is on request, and the listed monthly plans include Bronze at £30 a month for 80 payments, Silver at £110 a month for 500, and Platinum at £500 a month for 3,000.
For and against
For
- Supports GBP, EUR, and nine other currencies.
- Offers instant GBP and EUR pay-ins and pay-outs.
- Virtual and physical Visa and Mastercard cards available.
- API documentation, developer guides, and sandbox access.
- Listed plans specify included payment volumes.
Against
- Pricing is on request.
- Customer funds are safeguarded, not covered by FSCS.
- Sage Intacct is marked as coming soon.
The verdict
Modulr combines business payment services, accounts, and card controls, with developer resources and listed integrations. Businesses should review the listed plan volumes and note that customer funds are not covered by FSCS.
Who it suits
It suits businesses seeking payment, account, card, or collections services, including organisations in travel, lending, merchant payments, and investment and wealth. The API and sandbox may also suit developers integrating payment workflows.
Plans and prices
Payroll Payments Bronze
35 payments · £0.80 per extra payment · Faster Payments and Bacs pay-ins
Read 15 Oct 2026 · modulrfinance.com
Accounts Payable and Spend Management Bronze
35 payments · £0.80 per extra payment · unlimited approval workflows · unlimited invoices
Read 15 Oct 2026 · modulrfinance.com
Bundle Bronze
80 payments · £0.80 per extra payment · Accounts Payable · Spend Management
Read 15 Oct 2026 · modulrfinance.com
Payroll Payments Silver
200 payments · £0.40 per extra payment · batch submission
Read 15 Oct 2026 · modulrfinance.com
Accounts Payable and Spend Management Silver
200 payments · £0.40 per extra payment · AI line-item extraction
Read 15 Oct 2026 · modulrfinance.com
Bundle Silver
500 payments · £0.40 per extra payment · AI line-item extraction
Read 15 Oct 2026 · modulrfinance.com
Payroll Payments Platinum
1,100 payments · £0.32 per extra payment · batch submission
Read 15 Oct 2026 · modulrfinance.com
Accounts Payable and Spend Management Platinum
1,100 payments · £0.32 per extra payment · purchase-order creation and two-way matching
Read 15 Oct 2026 · modulrfinance.com
Bundle Platinum
3,000 payments · £0.32 per extra payment · purchase-order creation and matching
Read 15 Oct 2026 · modulrfinance.com
On the record
- Accounts
- Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE.modulrfinance.com · read 5 Oct 2026
- Accounts payable
- Accounts Payable combines invoice processing, approval workflows, payment execution and accounting synchronization.knowledge.modulrfinance.com · read 15 Oct 2026
- API
- Modulr offers API documentation, developer guides and sandbox access.modulr.readme.io · read 5 Oct 2026
- API capabilities
- API use cases include automated payments, e-money account creation, card automation, incoming-funds webhooks and third-party funds management.modulr.readme.io · read 15 Oct 2026
- API security
- API traffic must use HTTPS and HMAC signatures containing an API key and secret; production access is IP restricted.modulr.readme.io · read 15 Oct 2026
- API style
- The public API is REST-based and uses resource endpoints, HTTP verbs, standard responses and authentication.modulr.readme.io · read 15 Oct 2026
- Cards
- The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard.modulrfinance.com · read 15 Oct 2026
- Company founding and headquarters
- LinkedIn lists Modulr as founded in 2015 and headquartered in London, England.linkedin.com · read 15 Oct 2026
- Company size
- LinkedIn lists Modulr as a privately held financial-services company with 201–500 employees.linkedin.com · read 15 Oct 2026
- Controls
- Its card controls include spend limits, authorisation windows and merchant category code controls.modulrfinance.com · read 5 Oct 2026
- Core products
- Its listed products include payroll payments, accounts payable, spend management and collections.modulrfinance.com · read 5 Oct 2026
- Customer funds
- Modulr states it is not a bank and that customer funds are protected through safeguarding rather than FSCS coverage.modulrfinance.com · read 5 Oct 2026
- Developer licensing
- The hosted Modulr payments platform is commercial and proprietary; its public GitHub organization exposes utility repositories rather than the platform source.github.com · read 15 Oct 2026
- Documentation
- The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance.knowledge.modulrfinance.com · read 15 Oct 2026
- FSCS limitation
- Modulr states that e-money balances are not covered by the UK's Financial Services Compensation Scheme.modulrfinance.com · read 15 Oct 2026
- Funding
- Modulr announced a $108 million Series C led by General Atlantic in May 2022.modulrfinance.com · read 15 Oct 2026
- Google Play availability
- Google Play lists Modulr with 1K+ downloads and describes approvals, funding, balances, cards and receipts.play.google.com · read 15 Oct 2026
- Integration limit
- The directory marks Sage Intacct as coming soon and invites visitors to register interest for updates.modulrfinance.com · read 5 Oct 2026
