ModusBox, an infrastructure and integration technology company for financial services, has closed a $7.5 million Series A funding round led by Patamar Capital, a social impact fintech venture fund.
Choice Bank co-led the round while BankTech Ventures and American Capital Partners also participated.
ModusBox will use the new funds to accelerate the development of its PortX products, drive key partnerships with advanced fintech solutions, and continue its contributions to the Mojaloop real-time payments ecosystem. The funds will also scale the company’s recruiting, marketing, customer success, and engineering groups as ModusBox responds to rapidly growing demand.
