Freedom251 › Banking-as-a-Service Platforms
Modulr
What Modulr is
Modulr is a platform for automating money moving into and out of a business. Its products cover payroll payments, accounts payable, spend management and collections. Businesses can hold accounts in GBP, EUR and nine other currencies, with local IBANs available in GB, NL, ES, FR and IE. Payment services include instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT. Modulr also issues virtual and physical Visa and Mastercard cards, supports Apple Pay and Google Pay, and provides controls such as spend limits, authorisation windows and merchant category code restrictions.
The integrations directory includes BrightPay, Sage, Xero, QuickBooks, Workforce and Conferma; Sage Intacct is marked as coming soon. Developers can use API documentation, developer guides and sandbox access. Modulr lists web, iOS, Android and API access, and describes its solutions for businesses of all sizes and sectors including travel, lending, merchant payments, and investment and wealth. Founded in 2016 and headquartered in London, it says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands. Modulr says it is not a bank: customer funds are safeguarded rather than covered by FSCS.
Who it suits
Modulr suits businesses looking to automate payments, manage spending or collect money through a single platform. Its listed sectors include travel, lending, merchant payments, and investment and wealth, while API documentation and sandbox access may suit teams building integrations.
What it does well
- Accounts support GBP, EUR and nine other currencies.
- Local IBANs are available in five countries.
- Supports instant GBP and EUR payments, plus CHAPS, Bacs, SEPA and SWIFT.
- Issues virtual and physical Visa and Mastercard cards.
- Provides API documentation, developer guides and sandbox access.
What to know first
- No free plan is available.
- Bronze includes 80 payments, with extra payments charged separately.
- Sage Intacct is marked as coming soon.
- Customer funds are safeguarded rather than covered by FSCS.
Limits
Bronze costs £30 a month and includes 80 payments; each extra payment costs £0.80. Silver costs £110 a month and includes 500 payments, with extra payments at £0.40 each. Platinum costs £500 a month and includes 3,000 payments, with extra payments at £0.32 each. Card payments are unlimited on all three plans.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Bundle Silver | £110.00 per month · 500 payments · £0.40 per extra payment · AI line-item extraction | £110 a month |
| Silver | £110.00 per month · 500 payments included · +£0.40 per extra payment · card payments unlimited | £110 a month |
| Payroll Payments Bronze | £16.25 per month · 35 payments · £0.80 per extra payment · Faster Payments and Bacs pay-ins | £16.25 a month |
| Accounts Payable and Spend Management Bronze | £20.00 per month · 35 payments · £0.80 per extra payment · unlimited approval workflows · unlimited invoices | £20 a month |
| Bronze | £30.00 per month · 80 payments included · +£0.80 per extra payment · card payments unlimited | £30 a month |
| Bundle Bronze | £30.00 per month · 80 payments · £0.80 per extra payment · Accounts Payable · Spend Management · Payroll Payments | £30 a month |
| Payroll Payments Platinum | £300.00 per month · 1,100 payments · £0.32 per extra payment · batch submission | £300 a month |
| Accounts Payable and Spend Management Platinum | £320.00 per month · 1,100 payments · £0.32 per extra payment · purchase-order creation and two-way matching | £320 a month |
The first 8 of 12 plans, as modulrfinance.com lists them, read 15 Oct 2026. The maker's own page has the final word. Every plan
Getting started
- Visit the Modulr website.
- Choose web, iOS, Android or API access.
- Contact Modulr for pricing or review the listed Bronze, Silver and Platinum plans.
- Use the API documentation, developer guides and sandbox if building an integration.
Verdict
Choose Modulr if your business needs payment automation alongside multi-currency accounts, card issuing or API access. Compare the included payment allowances across Bronze, Silver and Platinum, and account for extra-payment charges. Businesses seeking FSCS coverage should note that Modulr says customer funds are safeguarded instead.
Questions
Does Modulr have a free plan?
No. Modulr's pricing model is paid.
How much do the listed plans cost?
Bronze is £30 a month, Silver is £110 a month, and Platinum is £500 a month.
Which platforms does Modulr support?
The listed platforms are web, iOS, Android and API.
Can Modulr issue payment cards?
Yes. It can issue virtual and physical Visa and Mastercard cards, with Apple Pay and Google Pay support.
Is Modulr a bank?
No. Modulr says it is not a bank and that customer funds are protected through safeguarding rather than FSCS coverage.
Which accounting integrations are listed?
The directory includes Sage, Xero and QuickBooks, among other connections. Sage Intacct is marked as coming soon.
Facts from Modulr's own pages
- Accounts
- Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. · modulrfinance.com, 5 Oct 2026
- Accounts payable
- Accounts Payable combines invoice processing, approval workflows, payment execution and accounting synchronization. · knowledge.modulrfinance.com, 15 Oct 2026
- API
- Modulr offers API documentation, developer guides and sandbox access. · modulr.readme.io, 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, 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, 15 Oct 2026
- API style
- The public API is REST-based and uses resource endpoints, HTTP verbs, standard responses and authentication. · modulr.readme.io, 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, 15 Oct 2026
- Company founding and headquarters
- LinkedIn lists Modulr as founded in 2015 and headquartered in London, England. · linkedin.com, 15 Oct 2026
- Company size
- LinkedIn lists Modulr as a privately held financial-services company with 201–500 employees. · linkedin.com, 15 Oct 2026
- Controls
- Its card controls include spend limits, authorisation windows and merchant category code controls. · modulrfinance.com, 5 Oct 2026
- Core products
- Its listed products include payroll payments, accounts payable, spend management and collections. · modulrfinance.com, 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, 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, 15 Oct 2026
- Documentation
- The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance. · knowledge.modulrfinance.com, 15 Oct 2026
- Founded
- 2016 · modulrfinance.com, 28 Sept 2026
- FSCS limitation
- Modulr states that e-money balances are not covered by the UK's Financial Services Compensation Scheme. · modulrfinance.com, 15 Oct 2026
- Funding
- Modulr announced a $108 million Series C led by General Atlantic in May 2022. · modulrfinance.com, 15 Oct 2026
- Google Play availability
- Google Play lists Modulr with 1K+ downloads and describes approvals, funding, balances, cards and receipts. · play.google.com, 15 Oct 2026
- Headquarters
- London, United Kingdom · modulrfinance.com, 28 Sept 2026
- Integration limit
- The directory marks Sage Intacct as coming soon and invites visitors to register interest for updates. · modulrfinance.com, 5 Oct 2026
- Integrations
- Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. · linkedin.com, 15 Oct 2026
- Intended users
- Modulr describes its solutions for businesses of all sizes and for sectors including travel, lending, merchant payments and investment and wealth. · modulrfinance.com, 5 Oct 2026
- Limit: onboarding and billing
- A Capterra reviewer reported slow dashboard loads, login timeouts and a painful onboarding process. · capterra.com, 15 Oct 2026
- Limit: refunds
- The G2 reviewer said refunds require manual beneficiary work and that automation was unclear. · g2.com, 15 Oct 2026
Where Modulr stands on Freedom251
- Banking-as-a-Service Platforms#7 of 31