Modulr vs Solaris
Modulr
modulrfinance.com
Solaris
solarisgroup.comSide by side
| Figure | Modulr | Solaris |
|---|---|---|
| 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) | 7.0 (#27) |
| Accounts | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. | Its digital banking services include checking, savings, sub-accounts and multi-accounts with local or virtual IBANs. |
| API security | API traffic must use HTTPS and HMAC signatures containing an API key and secret; production access is IP restricted. | Solaris APIs use OAuth 2.0 authentication, and the company says platform data is hosted within the European Union. |
| Cards | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. | Partners can issue and manage physical or virtual debit, prepaid and credit cards. |
| Founded | 2016 | 2016 |
| Headquarters | London, United Kingdom | Berlin, Germany |
| Integrations | Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. | Solaris lists AWS, Visa, Mastercard, finleap connect, Fourthline, AAZZUR, Ecospend, and Salesforce among its ecosystem partners. |
| Payments | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. | Payment options include SEPA Credit Transfer, SEPA Direct Debit, SEPA Instant and batch payments. |
| Sandbox | A sandbox supplies API credentials, portal access and a fictitious £50,000 GBP account, with optional cards, direct debit and approvals features. | Solaris provides a functional sandbox environment for development and integration testing before production. |
| Support | The site provides customer support, fraud support and a service status page. | Solaris says dedicated onboarding teams, integration consultants and project managers accompany partner projects from day one. |
| What it does | Modulr automates payroll, supplier payments, collections and other business money flows through portals and APIs. | Solaris provides a Banking-as-a-Service platform that lets businesses embed financial services into their products. |
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.