Modulr, an embedded payments platform for digital businesses, has raised $108 million (£83 million) in a series C funding round led by General Atlantic, a leading global growth equity firm.
The round also included significant participation from existing investors including Blenheim Chalcot, Frog Capital, Highland Europe, and PayPal Ventures.
Modulr’s technology enables businesses to build payments directly into their own platforms without needing to build complicated payment systems, become regulated themselves or manage the complexities of payment network membership.
