Modulr
Modulr is a platform for automating money moving into and out of a business.
What Modulr is
Modulr is a platform for automating money moving into and out of a business. Its listed products cover payroll payments, accounts payable, spend management, and collections. Businesses can use accounts in GBP, EUR, and nine other currencies, with local IBANs in GB, NL, ES, FR, and IE. Payment options include instant GBP and EUR pay-ins and pay-outs, CHAPS, Bacs, SEPA, and SWIFT. Modulr can issue virtual and physical Visa and Mastercard cards, with Apple Pay and Google Pay support; card controls include spend limits, authorisation windows, and merchant category code controls. It connects to services including BrightPay, Sage, Xero, QuickBooks, Workforce, and Conferma. API documentation, developer guides, and sandbox access are available. Modulr says it is licensed as an electronic money institution by the FCA in the UK and DNB in the Netherlands. It is not a bank: customer funds are safeguarded rather than covered by FSCS.
Good
- Supports instant GBP and EUR payments.
- Issues virtual and physical cards with spend controls.
- Offers API documentation, guides, and sandbox access.
- Includes 80 payments in the Bronze plan.
Watch out
- Bronze costs £30 a month.
- Customer funds are safeguarded, not FSCS-covered.
- Sage Intacct integration is marked coming soon.
Who it suits
Modulr suits businesses seeking payment, account, card, or collections infrastructure, including companies in travel, lending, merchant payments, and investment and wealth. Its API and sandbox may also suit teams building payment workflows.
Verdict
Modulr combines business payment services, accounts, and card controls, with API access for integration work. Note that it is not a bank and customer funds do not have FSCS coverage.
Plans and prices
From Modulr's own pricing page, checked 15 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| Payroll Payments Bronze | £16.25 a month | 35 payments · £0.80 per extra payment · Faster Payments and Bacs pay-ins · £16.25 per month |
| Accounts Payable and Spend Management Bronze | £20 a month | 35 payments · £0.80 per extra payment · unlimited approval workflows · unlimited invoices · £20.00 per month |
| Bronze | £30 a month | 80 payments included · +£0.80 per extra payment · card payments unlimited · £30.00 per month |
| Bundle Bronze | £30 a month | 80 payments · £0.80 per extra payment · Accounts Payable · Spend Management · Payroll Payments · £30.00 per month |
| Payroll Payments Silver | £67.20 a month | 200 payments · £0.40 per extra payment · batch submission · £67.20 per month |
| Accounts Payable and Spend Management Silver | £75 a month | 200 payments · £0.40 per extra payment · AI line-item extraction · £75.00 per month |
| Silver | £110 a month | 500 payments included · +£0.40 per extra payment · card payments unlimited · £110.00 per month |
| Bundle Silver | £110 a month | 500 payments · £0.40 per extra payment · AI line-item extraction · £110.00 per month |
| Payroll Payments Platinum | £300 a month | 1,100 payments · £0.32 per extra payment · batch submission · £300.00 per month |
| Accounts Payable and Spend Management Platinum | £320 a month | 1,100 payments · £0.32 per extra payment · purchase-order creation and two-way matching · £320.00 per month |
| Bundle Platinum | £500 a month | 3,000 payments · £0.32 per extra payment · purchase-order creation and matching · £500.00 per month |
| Platinum | £500 a month | 3,000 payments included · +£0.32 per extra payment · card payments unlimited · £500.00 per month |
The facts
Each one read from Modulr's own pages, with the date it was checked.
What it does
- Accounts
- Accounts are available in GBP, EUR and nine other currencies, with local IBANs in GB, NL, ES, FR and IE.checked 5 Oct 2026
- Accounts payable
- Accounts Payable combines invoice processing, approval workflows, payment execution and accounting synchronization.checked 15 Oct 2026
- API
- Modulr offers API documentation, developer guides and sandbox access.checked 5 Oct 2026
- API capabilities
- API use cases include automated payments, e-money account creation, card automation, incoming-funds webhooks and third-party funds management.checked 15 Oct 2026
- API security
- API traffic must use HTTPS and HMAC signatures containing an API key and secret; production access is IP restricted.checked 15 Oct 2026
- API style
- The public API is REST-based and uses resource endpoints, HTTP verbs, standard responses and authentication.checked 15 Oct 2026
- Cards
- The cards product supports single-use virtual cards, configurable controls and managed physical card programmes on Visa and Mastercard.checked 15 Oct 2026
- Controls
- Its card controls include spend limits, authorisation windows and merchant category code controls.checked 5 Oct 2026
- Core products
- Its listed products include payroll payments, accounts payable, spend management and collections.checked 5 Oct 2026
- Customer funds
- Modulr states it is not a bank and that customer funds are protected through safeguarding rather than FSCS coverage.checked 5 Oct 2026
- Developer licensing
- The hosted Modulr payments platform is commercial and proprietary; its public GitHub organization exposes utility repositories rather than the platform source.checked 15 Oct 2026
- Documentation
- The help centre covers portal, accounts payable, mobile, accountant, file-upload, virtual-card and developer guidance.checked 15 Oct 2026
- FSCS limitation
- Modulr states that e-money balances are not covered by the UK's Financial Services Compensation Scheme.checked 15 Oct 2026
- Funding
- Modulr announced a $108 million Series C led by General Atlantic in May 2022.checked 15 Oct 2026
- Google Play availability
- Google Play lists Modulr with 1K+ downloads and describes approvals, funding, balances, cards and receipts.checked 15 Oct 2026
- Integration limit
- The directory marks Sage Intacct as coming soon and invites visitors to register interest for updates.checked 5 Oct 2026
- Integrations
- Modulr's integrations hub connects with more than 20 accounting and payroll systems, including Sage, Xero and BrightPay.checked 15 Oct 2026
- Intended users
- Modulr describes its solutions for businesses of all sizes and for sectors including travel, lending, merchant payments and investment and wealth.checked 5 Oct 2026
- Limit: refunds
- The G2 reviewer said refunds require manual beneficiary work and that automation was unclear.checked 15 Oct 2026
The company
- Company founding and headquarters
- LinkedIn lists Modulr as founded in 2015 and headquartered in London, England.checked 15 Oct 2026
- Company size
- LinkedIn lists Modulr as a privately held financial-services company with 201–500 employees.checked 15 Oct 2026
- Founded
- 2016checked 28 Sep 2026
- Headquarters
- London, United Kingdomchecked 28 Sep 2026
Money
- Limit: onboarding and billing
- A Capterra reviewer reported slow dashboard loads, login timeouts and a painful onboarding process.checked 15 Oct 2026
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