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SPECIFICTION
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Modulr

modulrfinance.com

From £16.25/mo WebiOSAndroidAPI
Visit modulrfinance.com
Spec score 8.5 #4 of 31 in Banking-as-a-Service Platforms

What it is

Modulr provides a platform for automating money moving into and out of a business. Its listed products cover 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. The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT. Businesses can issue virtual and physical Visa and Mastercard cards, with Apple Pay and Google Pay support; controls include spend limits, authorisation windows and merchant category code settings. Listed integrations include BrightPay, Sage, Xero, QuickBooks, Workforce and Conferma, while 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 also states that it is not a bank and that customer funds are safeguarded rather than covered by FSCS. Paid plans are listed at £30 a month for Bronze, £110 a month for Silver and £500 a month for Platinum. The service is available on Android, iOS, web and API.

Spec sheet

What it does
Modulr automates payroll, supplier payments, collections and other business money flows through portals and APIs.Read 15 Oct 2026 · modulrfinance.com
Purpose
Modulr provides a single platform for automating how money moves into and out of a business.Read 5 Oct 2026 · modulrfinance.com
Intended users
Modulr describes its solutions for businesses of all sizes and for sectors including travel, lending, merchant payments and investment and wealth.Read 5 Oct 2026 · modulrfinance.com
API
Modulr offers API documentation, developer guides and sandbox access.Read 5 Oct 2026 · modulr.readme.io
Integrations
Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay.Read 15 Oct 2026 · linkedin.com
Security
Modulr says its cloud-first platform is designed for scale and security and displays ISO, BSI, Cyber Essentials and PCI marks on its site.Read 5 Oct 2026 · modulrfinance.com
Support
The site provides customer support, fraud support and a service status page.Read 5 Oct 2026 · modulrfinance.com
Headquarters
London, United KingdomRead 28 Sep 2026 · modulrfinance.com
Founded
2016Read 28 Sep 2026 · modulrfinance.com
Accounts
Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE.Read 5 Oct 2026 · modulrfinance.com
Accounts payable
Accounts Payable combines invoice processing, approval workflows, payment execution and accounting synchronization.Read 15 Oct 2026 · knowledge.modulrfinance.com
API capabilities
API use cases include automated payments, e-money account creation, card automation, incoming-funds webhooks and third-party funds management.Read 15 Oct 2026 · modulr.readme.io
API security
API traffic must use HTTPS and HMAC signatures containing an API key and secret; production access is IP restricted.Read 15 Oct 2026 · modulr.readme.io
API style
The public API is REST-based and uses resource endpoints, HTTP verbs, standard responses and authentication.Read 15 Oct 2026 · modulr.readme.io
Cards
The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard.Read 15 Oct 2026 · modulrfinance.com
Company founding and headquarters
LinkedIn lists Modulr as founded in 2015 and headquartered in London, England.Read 15 Oct 2026 · linkedin.com
Company size
LinkedIn lists Modulr as a privately held financial-services company with 201–500 employees.Read 15 Oct 2026 · linkedin.com
Controls
Its card controls include spend limits, authorisation windows and merchant category code controls.Read 5 Oct 2026 · modulrfinance.com
Core products
Its listed products include payroll payments, accounts payable, spend management and collections.Read 5 Oct 2026 · modulrfinance.com
Customer funds
Modulr states it is not a bank and that customer funds are protected through safeguarding rather than FSCS coverage.Read 5 Oct 2026 · modulrfinance.com
Developer licensing
The hosted Modulr payments platform is commercial and proprietary; its public GitHub organization exposes utility repositories rather than the platform source.Read 15 Oct 2026 · github.com
Documentation
The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance.Read 15 Oct 2026 · knowledge.modulrfinance.com
FSCS limitation
Modulr states that e-money balances are not covered by the UK's Financial Services Compensation Scheme.Read 15 Oct 2026 · modulrfinance.com
Funding
Modulr announced a $108 million Series C led by General Atlantic in May 2022.Read 15 Oct 2026 · modulrfinance.com
Google Play availability
Google Play lists Modulr with 1K+ downloads and describes approvals, funding, balances, cards and receipts.Read 15 Oct 2026 · play.google.com
Integration limit
The directory marks Sage Intacct as coming soon and invites visitors to register interest for updates.Read 5 Oct 2026 · modulrfinance.com
Limit: onboarding and billing
A Capterra reviewer reported slow dashboard loads, login timeouts and a painful onboarding process.Read 15 Oct 2026 · capterra.com
Limit: refunds
The G2 reviewer said refunds require manual beneficiary work and that automation was unclear.Read 15 Oct 2026 · g2.com
Limit: reliability
Trustpilot complaints report newly introduced bugs, including an incident that prevented deposits.Read 15 Oct 2026 · trustpilot.com
Mobile app
The mobile app handles account views, funding, payment approvals, virtual-card controls and receipt capture.Read 15 Oct 2026 · play.google.com
Mobile system requirement
The iOS app requires iOS 15.1 or later and is also listed for iPadOS 15.1 or later.Read 15 Oct 2026 · apps.apple.com
Notable news
Modulr announced profitability in February 2026, reporting more than 200 million annual transactions, over £180 billion annualized payment value and more than 400 employees.Read 15 Oct 2026 · modulrfinance.com
Payments
The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services.Read 5 Oct 2026 · modulrfinance.com
Payroll
Payroll Payments supports batch payroll submission and integrates with Xero Payroll or BACS Standard 18 files.Read 15 Oct 2026 · knowledge.modulrfinance.com
Praise: payment tracking
The G2 reviewer praised centralized payment tracking, transfers between accounts, quick refunds, SEPA and Faster Payments support, and simple reporting.Read 15 Oct 2026 · g2.com
Praise: support
Trustpilot reviewers repeatedly describe support replies as prompt, knowledgeable and effective.Read 15 Oct 2026 · trustpilot.com
Rating on Apple App Store
The listing says there are not enough ratings or reviews to display an overview.Read 15 Oct 2026 · apps.apple.com
Rating on Capterra
4.0 out of 5 from 1 reviewRead 15 Oct 2026 · capterra.com
Rating on G2
5.0 out of 5 from 1 reviewRead 15 Oct 2026 · g2.com
Rating on GetApp
4.0 out of 5 from 1 reviewRead 15 Oct 2026 · getapp.com
Rating on Trustpilot
4.6 out of 5 from 161 reviewsRead 15 Oct 2026 · trustpilot.com
Regulation
Modulr says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands.Read 5 Oct 2026 · modulrfinance.com
Regulation and safeguarding
Modulr says it is an FCA-regulated electronic-money institution arrangement in the UK and safeguards customer funds separately from company funds.Read 15 Oct 2026 · modulrfinance.com
Sandbox
A sandbox supplies API credentials, portal access and a fictitious £50,000 GBP account, with optional cards, direct debit and approvals features.Read 15 Oct 2026 · modulr.readme.io
Security controls
Modulr states that customer portal access uses unique usernames, strong passwords and Twilio Authy multi-factor authentication.Read 15 Oct 2026 · modulrfinance.com
Spend management
Spend Management provides virtual company cards, unlimited card payments, receipt uploads and accounting synchronization.Read 15 Oct 2026 · modulrfinance.com

Plans and prices

Payroll Payments Bronze £16.25 a month £16.25 per month 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 £20 a month £20.00 per month 35 payments · £0.80 per extra payment · unlimited approval workflows · unlimited invoices Read 15 Oct 2026 · modulrfinance.com
Bronze £30 a month £30.00 per month 80 payments included · +£0.80 per extra payment · card payments unlimited Read 5 Oct 2026 · modulrfinance.com
Bundle Bronze £30 a month £30.00 per month 80 payments · £0.80 per extra payment · Accounts Payable · Spend Management · Payroll Payments Read 15 Oct 2026 · modulrfinance.com
Payroll Payments Silver £67.20 a month £67.20 per month 200 payments · £0.40 per extra payment · batch submission Read 15 Oct 2026 · modulrfinance.com
Accounts Payable and Spend Management Silver £75 a month £75.00 per month 200 payments · £0.40 per extra payment · AI line-item extraction Read 15 Oct 2026 · modulrfinance.com
Bundle Silver £110 a month £110.00 per month 500 payments · £0.40 per extra payment · AI line-item extraction Read 15 Oct 2026 · modulrfinance.com
Silver £110 a month £110.00 per month 500 payments included · +£0.40 per extra payment · card payments unlimited Read 5 Oct 2026 · modulrfinance.com
Payroll Payments Platinum £300 a month £300.00 per month 1,100 payments · £0.32 per extra payment · batch submission Read 15 Oct 2026 · modulrfinance.com
Accounts Payable and Spend Management Platinum £320 a month £320.00 per month 1,100 payments · £0.32 per extra payment · purchase-order creation and two-way matching Read 15 Oct 2026 · modulrfinance.com
Bundle Platinum £500 a month £500.00 per month 3,000 payments · £0.32 per extra payment · purchase-order creation and matching Read 15 Oct 2026 · modulrfinance.com
Platinum £500 a month £500.00 per month 3,000 payments included · +£0.32 per extra payment · card payments unlimited Read 5 Oct 2026 · modulrfinance.com

Every Modulr plan and price →

Strong points and limits

Strong points

  • Supports instant GBP and EUR pay-ins and pay-outs.
  • Issues virtual and physical Visa and Mastercard cards.
  • Provides API documentation, developer guides and sandbox access.
  • Offers accounts in GBP, EUR and nine other currencies.
  • Lists card payments as unlimited across its monthly plans.

Limits

  • Pricing starts at £30 a month.
  • Sage Intacct is marked as coming soon.
  • Customer funds are safeguarded, not covered by FSCS.

Who it suits

Modulr suits businesses seeking payment, account, card or collections capabilities, including the sectors it lists: travel, lending, merchant payments, and investment and wealth. Its API documentation and sandbox access may suit teams building integrations.

Verdict

Modulr combines business payments, accounts, cards and integrations, with developer resources for API access. Its listed plans start at £30 a month, and the company states that customer funds are safeguarded rather than covered by FSCS.

Where Specifiction places it

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