Modulr has grown to become the leading provider of embedded payments to organisations across the UK and Europe. Embedded payments is a new category that permits payments to become part of organisations’ technology stack, upgrading them to become payments companies themselves. Modulr enables over 200 enterprise customers and thousands of SME customers to embed account creation, payment out, reconciliation of payment in, card issuing and many open banking and similar features into their own business process flows via API calls and webhooks into Modulr’s cloud platform.
“Our motivation for starting kennek stemmed from our own frustrations as lenders. We found that, despite the many technological innovations that have characterised the past two decades, tools to support lending were firmly stuck in the past. Data was not connected or centralised. Borrowers sent a jumble of documents in different formats. Workflows were manual, offline and typically very time-consuming. Not only does this make day-to-day life as a lender more frustrating than it needs to be, but it limits lenders’ ability to scale.”
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