Bankly vs Modulr
Bankly
bankly.com.br
Modulr
modulrfinance.comSide by side
| Figure | Bankly | Modulr |
|---|---|---|
| Price from | — | £16.25/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 0 | 12 |
| Spec score · Banking-as-a-Service Platforms | 7.5 (#19) | 8.5 (#4) |
| Accounts | Its account management API supports opening and managing payment accounts for individuals and businesses, including multiple accounts for one customer. | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. |
| Cards | The card platform supports issuance, processing and management of customized Mastercard cards. | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. |
| Documentation | The public developer portal includes integration guidance, API references, request simulations, and examples of responses and errors; its partner Playbook is private and provided after contracting. | The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance. |
| Headquarters | São Paulo, Brazil | London, United Kingdom |
| Payments | Its listed services include Pix, TED transfers, bill payment, and deposit and collection boletos. | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. |
| Security | Bankly’s security manual requires security measures across integrations and says mobile apps should not receive or store unnecessary confidential customer information, citing LGPD principles. | Modulr says its cloud-first platform is designed for scale and security and displays ISO, BSI, Cyber Essentials and PCI marks on its site. |
| Support | Bankly describes account managers, Technical Account Managers who help with API integration and production approval, and a technical Service Desk available 24 hours a day, seven days a week. | The site provides customer support, fraud support and a service status page. |
Plans
Modulr
- Payroll Payments Bronze£16.25 a month
- Accounts Payable and Spend Management Bronze£20 a month
- Bronze£30 a month
- Bundle Bronze£30 a month
- Payroll Payments Silver£67.20 a month
- Accounts Payable and Spend Management Silver£75 a month
- Bundle Silver£110 a month
- Silver£110 a month
- Payroll Payments Platinum£300 a month
- Accounts Payable and Spend Management Platinum£320 a month
In their own words
Modulr
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.