Modulr vs Treasury Prime
Modulr
modulrfinance.com
Treasury Prime
treasuryprime.comSide by side
| Figure | Modulr | Treasury Prime |
|---|---|---|
| Price from | £16.25/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 12 | 1 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#4) | 6.8 (#30) |
| Accounts | Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE. | Customers can use the platform to open FDIC-insured deposit accounts through a bank partner. |
| Cards | The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard. | The platform supports branded card programs with virtual and physical cards, digital wallets, and card controls. |
| Founded | 2016 | 2017 |
| Headquarters | London, United Kingdom | A Treasury Prime newsroom release datelined San Francisco identifies the company with San Francisco. |
| Integrations | Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay. | Treasury Prime lists prebuilt integrations with KYC and monitoring providers including Alloy, Middesk, Sardine, and Unit21. |
| Payments | The platform supports instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA and SWIFT payment services. | The platform supports payment capabilities including ACH, wires, bill pay, checks, remote deposit capture, and network transfers. |
| 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. | Treasury Prime says it is SOC 2 Type II certified and PCI compliant. |
| Support | The site provides customer support, fraud support and a service status page. | The company says its team provides hands-on support and expertise to help customers execute and launch 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.
Treasury Prime
Treasury Prime has no write-up on Specifiction yet; its figures are above.