CEO Myles Stephenson introduces you to Modulr
Our vision for Modulr – to stop payments being a barrier to business growth.
The payments environment is an increasingly complicated landscape. Digital is growing quickly, new business models are appearing and regulation is tightening. Companies are caught in the middle of a payments dilemma, with their existing payments infrastructure taking strain and starting to limit how they do business and acquire digitally demanding customers.
We set up Modulr to overcome these barriers by enabling businesses to rewire their payment processes to suit them. We give companies access to an automated and efficient payments and account infrastructure via API and embedded (integrated) within their own software and services. We also enable them to build and monetise entirely new financial products and services that complement their existing product stack.
Traditionally, businesses would automatically go to their bank for payment services, but the global market is approaching a fundamental shift in mindset where businesses now automatically prefer to go to infrastructure-as-a-service providers such as Modulr for payments.
This is because payments are increasingly impacting the experience customers receive from a business and increasingly new drivers of revenue for businesses.
We’re assembled a fantastic team all with deep knowledge and experience of building and delivering technology driven payment services. We’re excited by the speed of change happening in the market, and helping to make it happen.