Modulr
Embedded payments software
Payment processing software
Banking as a service (BaaS) software
Payment software
Financial services software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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£16.25 per month
Free Trial unavailableFree version unavailable
Small
Medium
Large
- Media and communications
- Information technology and software
- Professional services (engineering, legal, consulting, etc.)
What is Modulr
Modulr is a payments and banking-as-a-service platform that provides businesses with accounts, payment rails, and card issuing capabilities via APIs and managed services. It is used by fintechs, payroll providers, marketplaces, and other platforms that need to embed payments, automate payouts, or offer account-like functionality to end users. The product focuses on UK and European payment schemes and supports operational workflows such as reconciliation and treasury-style controls alongside payment initiation.
API-first embedded payments
Modulr provides APIs to create and manage accounts, initiate payments, and support embedded financial workflows inside third-party products. This suits platforms that want to integrate payments without building direct bank connectivity. It also supports programmatic controls that help automate payment operations such as approvals and routing.
UK/EU payment rail coverage
The platform is oriented around UK and European payment schemes, which can reduce integration effort for businesses operating primarily in those regions. It supports common use cases such as faster payouts, payroll disbursements, and supplier payments. This regional focus can be advantageous compared with providers that prioritize other geographies.
Operational tooling for finance teams
Modulr includes features that support day-to-day payment operations, such as reconciliation-oriented data, account structures, and controls for managing funds movement. These capabilities help finance and operations teams monitor flows and resolve exceptions. This can reduce reliance on separate internal tooling for payment ops in embedded-payment programs.
Geographic scope not universal
Modulr’s strongest coverage is in the UK and parts of Europe, which may not fit businesses needing broad global acquiring and local payment methods across many regions. Companies with significant non-UK/EU volume may need additional providers. This can increase vendor management and integration complexity.
Not a full acquiring stack
For card acceptance (merchant acquiring) and omnichannel checkout needs, organizations may still require separate payment processing components depending on their business model. Modulr is often positioned more toward accounts, payouts, and embedded banking workflows than end-to-end checkout optimization. This can limit suitability for businesses primarily focused on online card acceptance.
Compliance and onboarding overhead
As a BaaS and payments provider, Modulr implementations typically involve KYC/KYB, AML controls, and program-level risk reviews. These requirements can lengthen onboarding timelines and add operational responsibilities for platforms embedding financial services. Ongoing compliance changes may require process updates and additional internal resources.
Plan & Pricing
Bundle (Accounts Payable + Payroll)
| Plan | Price | Key features & notes |
|---|---|---|
| Bronze | £30.00 per month | 80 payments included; +£0.80 per extra payment; Includes Accounts Payable Automation & Payroll Payments; FX 0.5–1.2%; Transfers between Modulr accounts: Free; International other-currency pay-ins/pay-outs: £3 per payment; "Bonus 10 transactions" (compared to buying products separately). |
| Silver | £110.00 per month | 500 payments included; +£0.40 per extra payment; Everything in Bronze plus Line-item invoice extraction with AI; Unlimited invoices processed; FX 0.5–1.2%; "Bonus 100 transactions". |
| Platinum | £500.00 per month | 3,000 payments included; +£0.32 per extra payment; Everything in Silver plus PO creation & 2-way matching; API access (additional fee); FX 0.5–1.2%; "Bonus 800 transactions". |
Accounts Payable Automation
| Plan | Price | Key features & notes |
|---|---|---|
| Bronze | £20.00 per month | 35 payments included; +£0.80 per extra payment; AI-powered invoice totals extraction; Unlimited approval workflows; Sync with accounting software; FX 0.5–1.2%. |
| Silver | £75.00 per month | 200 payments included; +£0.40 per extra payment; Everything in Bronze plus line-item invoice extraction with AI; Unlimited invoices processed; FX 0.5–1.2%. |
| Platinum | £320.00 per month | 1,100 payments included; +£0.32 per extra payment; Everything in Silver plus PO creation & 2-way matching; API access (additional fee); FX 0.5–1.2%. |
Payroll Payments
| Plan | Price | Key features & notes |
|---|---|---|
| Bronze | £16.25 per month | 35 payments included; +£0.80 per extra payment; Batch submission; Mobile app approvals; Schedule payments; Automatic reconciliation; Software integrations. |
| Silver | £67.20 per month | 200 payments included; +£0.40 per extra payment; Everything in Bronze at higher volumes; Mobile app approvals; Software integrations. |
| Platinum | £300.00 per month | 1,100 payments included; +£0.32 per extra payment; Higher-volume features; Mobile app approvals; Software integrations. |
Notes and fees (from official pricing page):
- Transfers between your Modulr accounts: Free. (GBP/EUR plans)
- International other-currency pay-ins/pay-outs: £3 per payment (where applicable).
- FX fees indicated on the pricing page: 0.5–1.2% (and FX 3 referenced for some international payment types).
- CHAPS payments incur an additional £17.50 fee (official footnote).
Seller details
Modulr Finance Limited
London, UK
2015
Private
https://www.modulrfinance.com/
https://x.com/modulrfinance
https://www.linkedin.com/company/modulrfinance/
