Modulr vs Newline by Fifth Third
Modulr
modulrfinance.comNewline by Fifth Third
newline53.comSide by side
| Figure | Modulr | Newline by Fifth Third |
|---|---|---|
| Price from | £16.25/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 12 | 0 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#4) | 7.1 (#25) |
| Accounts | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. | The platform supports virtual reference numbers, custodial accounts and other account solutions for different funds flows. |
| API | Modulr offers API documentation, developer guides and sandbox access. | The Newline API is REST-organized and accepts form-encoded or JSON-encoded request bodies, returning JSON-encoded responses. |
| Cards | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. | Newline offers issuing and acquiring sponsorship, plus virtual and physical cards for enterprise businesses. |
| Founded | 2016 | 2023 |
| Payments | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. | Its payment rails include ACH, wire, book transfer, and RTP instant payments; FedNow is listed as coming soon. |
| Purpose | Modulr provides a single platform for automating how money moves into and out of a business. | Newline is an API-first platform for launching embedded payment and deposit solutions with Fifth Third Bank. |
| Sandbox | A sandbox supplies API credentials, portal access and a fictitious £50,000 GBP account, with optional cards, direct debit and approvals features. | Newline provides an interactive sandbox, but its documentation says it lacks some production features and simulated transfers do not move real money. |
| Support | The site provides customer support, fraud support and a service status page. | The developer documentation directs clients to its Sales and Partnership team or their Newline Specialist for implementation and API questions. |
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.
Newline by Fifth Third
Newline by Fifth Third has no write-up on Specifiction yet; its figures are above.