Modulr vs NymCard
Modulr
modulrfinance.comNymCard
nymcard.comSide by side
| Figure | Modulr | NymCard |
|---|---|---|
| Price from | £16.25/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 12 | 1 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#4) | 8.0 (#7) |
| Cards | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. | The platform supports debit, credit, and prepaid cards issued as physical, virtual, or tokenized cards. |
| Founded | 2016 | 2018 |
| Integrations | Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. | NymCard says its platform connects to existing core banking platforms without requiring their replacement. |
| Payments | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. | Money movement capabilities include domestic rails, cross-border payments, foreign exchange, and remittances. |
| 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. | NymCard states that nCore is certified for PCI DSS Level 1, PCI SSF, SOC 2 Type II, and ISO 27001. |
| Support | The site provides customer support, fraud support and a service status page. | The site directs prospective customers to contact its team and directs developers to documentation. |
| What it does | Modulr automates payroll, supplier payments, collections and other business money flows through portals and APIs. | NymCard describes nCore as a payments platform covering card issuing, money movement, settlement, reconciliation, lending, and financial crime. |
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.
NymCard
NymCard’s nCore is a payments platform for banks, fintechs, and businesses building financial products. It combines card issuing, money movement, settlement, reconciliation, lending infrastructure, and financial crime capabilities. Card programs can issue debit, credit, or prepaid cards in physical, virtual, or tokenized form, with controls for spending limits, billing cycles, repayment, and installments.
The platform also supports domestic and cross-border payments, foreign exchange, remittances, wallet top-ups, peer-to-peer and merchant payments, bill payments, transfers, and cash in and out. Financial crime features include identity verification, fraud monitoring, risk management, AML and sanctions screening, and issuer-side 3D Secure. NymCard says nCore can connect to existing core banking systems without replacing them, and can run in public cloud, hybrid, on-soil, or fully on-premise deployments. Its APIs, webhooks, implementation guides, and developer tools support integration. Listed platforms include Android, iOS, web, API, and self-hosted. NymCard says nCore holds PCI DSS Level 1, PCI SSF, SOC 2 Type II, and ISO 27001 certifications. Pricing is on request. Its lending infrastructure supports decisioning, origination, and servicing, but NymCard does not fund loans.