Finance Breaking news FIS Ventures invests in Modulr last financial news

Breaking-Finance.Com - FIS ventures has invested in UK payments-as-a-service platform Modulr.

Finance Breaking news FIS Ventures invests in Modulr last financial news

Breaking-Finance.Com - FIS ventures has invested in UK payments-as-a-service platform Modulr.

Finance Breaking news FIS Ventures invests in Modulr last financial news
13 April 2021 - 09:00

Breaking-Finance.Com - FIS ventures has invested in UK payments-as-a-service platform Modulr. In the four years since its founding, Modulr has established itself as a digital alternative to traditional banks in the wholesale and transaction payments market, which moves $120 trillion each year.Over the course of the past year, the firm has become one of the few non-banks to gain direct access to Faster Payments and Bacs. It has also struck partnerships with Visa and Mastercard, and gained an e-money licence in Ireland.

. Asif Ramji, chief growth officer at FIS, comments: “Our investment in Modulr is a key component of our comprehensive vision at FIS to bring the full power and potential of real-time payments to organizations at a global scale. Working with Modulr, we’ll be able to help our clients in the UK and EEA market accelerate their journey to digital payments, as well as work towards delivering a suite of new global real-time payment propositions.”Modulr has so far raised £62 million, including a £9 million investment from PayPal ventures last year. The scale of the investment by FIS has not been disclosed.

Source = Breaking-Finance.Com

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Finance Breaking news FIS Ventures invests in Modulr last financial news


Finance Breaking news FIS Ventures invests in Modulr last financial news


Finance Breaking news FIS Ventures invests in Modulr last financial news


Finance Breaking news FIS Ventures invests in Modulr last financial news

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