Mbanq Cloud vs Modulr
Mbanq Cloud
mbanq.com
Modulr
modulrfinance.comSide by side
| Figure | Mbanq Cloud | Modulr |
|---|---|---|
| Price from | — | £16.25/mo |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 12 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#3) | 8.5 (#4) |
| Accounts | Current and savings accounts support lifecycle management, interest calculations and automated charges. | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. |
| Documentation | The documentation site provides guides, API references, a changelog link, tutorials and Postman setup instructions. | The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance. |
| Headquarters | LinkedIn lists headquarters in Naples, Florida, at 4850 Tamiami Trail North, Unit 301. | London, United Kingdom |
| Integrations | Mbanq says it partnered with IBM and Amazon Web Services through its Mbanq Labs accelerator program. | Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. |
| Intended users | Mbanq Cloud is described as infrastructure for fintech platforms, embedded finance products, neobanks, and software platforms adding financial services. | Modulr describes its solutions for businesses of all sizes and for sectors including travel, lending, merchant payments and investment and wealth. |
| Sandbox | A sandbox supports API testing, account and transaction simulations, data manipulation, error testing and load testing. | A sandbox supplies API credentials, portal access and a fictitious £50,000 GBP account, with optional cards, direct debit and approvals features. |
| Security | The platform lists multi-factor authentication, maker/checker workflows, configurable password policies, and granular roles and permissions. | Modulr says its cloud-first platform is designed for scale and security and displays ISO, BSI, Cyber Essentials and PCI marks on its site. |
| Security controls | Security features include multifactor authentication, maker-checker workflows, configurable password policies and granular permissions. | Modulr states that customer portal access uses unique usernames, strong passwords and Twilio Authy multi-factor authentication. |
| What it does | Mbanq Cloud is a cloud banking-as-a-service platform for fintechs, neobanks, challenger banks and credit unions. | Modulr automates payroll, supplier payments, collections and other business money flows through portals and APIs. |
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
Mbanq Cloud
Mbanq Cloud is banking infrastructure for fintech platforms, neobanks, embedded finance products, and software platforms adding financial services. It brings together core banking, regulatory compliance, and operational management, while Mbanq operates the infrastructure and manages the compliance layer alongside a client’s product. Operations and compliance teams have a web Back Office; IT users have a web Console, and bank clients can use a template web banking application. White label-ready mobile banking apps are available for iOS and Android. REST and GraphQL APIs provide access to core banking functions, and users can add third-party services or build extensions. Listed payment rails include ACH, Fedwire, SWIFT, RTP, Check 21 processing, and card issuing and acquiring. KYC and KYB tools cover risk assessment, SSN verification, OFAC screening, document checks, and liveness checks. Security measures include multi-factor authentication, maker/checker workflows, configurable password policies, and granular permissions. Pricing is pay as you grow, with infrastructure, support, and operational costs included; no price is listed.
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.