General Atlantic led a $108m Series C round in Modulr.

General Atlantic, an investment company, led a $108m Series C round in Modulr, an embedded payments platform for digital businesses, with participation from Blenheim Chalcot, Frog Capital, Highland Europe, and PayPal Ventures. “Our ambition is to cement Modulr’s position as a leader in embedding financial technology into businesses across the UK and Europe. Our modern FinOps hub enables large enterprises, FinTechs and digital businesses to build, scale, and control money flows. We believe the opportunity is vast and continues to grow with the rise of digital payments. This latest funding round will help support Modulr to become a pan-European payments champion. Our regulatory and licensing permissions, tech stack, and modern and dynamic service offering make it possible for our customers to automate and monetise payments,” Myles Stephenson, Modulr Founder & CEO.