Modulr vs Nexfinera
Modulr
modulrfinance.comNexfinera
nexfinera.comSide by side
| Figure | Modulr | Nexfinera |
|---|---|---|
| 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) | 6.7 (#31) |
| Accounts | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. | Its account capabilities include IBANs, balances, and transactions. |
| Cards | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. | Its card capabilities include issuing, controls, and spend management. |
| Integrations | Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. | Nexfinera says it connects platforms with banks and fintech providers through a single integration point. |
| Payments | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. | Its payment capabilities include SEPA, transfers, and reconciliation. |
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.