Tell us about Modulr Finance

Modulr is the Payments as a Service API platform for digital businesses. Integrated into any product or system, Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Once integrated, businesses can instantly set up as many accounts as they need. Getting paid, reconciling and making payments is fully automated and can be managed in real-time, 24/7 through their existing software applications. Modulr’s API makes it easy for businesses to streamline existing services, launch new products and scale more efficiently.

Modulr is authorised and regulated by the FCA as an Electronic Money Institution.

Tell us about your products / services

Automate pay out: Automate disbursements, supplier payments and payroll payments. Deliver an instant and secure outbound service without manual work.

Simplify pay in: Receive and segregate funds into individual accounts. With notifications for tracking and triggers to automatically process and reconcile.

Deliver new services: Our Payment Accounts as a Service integrates regulated accounts straight into your product. So you can quickly launch and scale new services.

What was your reason for joining BASDA?

Modulr joined BASDA in November 2018.  We view membership as an opportunity to associate with peers in the software sector and to network with BASDA members.

What value will membership of BASDA bring to your business?

The opportunity to associate with leading companies in the software sector and focus on specific areas of interest including Payroll & HR and Accountancy. Also, representation and lobbying at government level on matters that affect the business community and software sector.

Are there any particular topics that BASDA is championing that you are particularly interested in?

Faster Payments, Payroll Software, Open Banking, Technology

What are the current challenges within your industry and how can BASDA help your company as the voice of industry?

There is a lot of change happening in the payments industry, driven by new regulation. This is allowing new tech-first payments providers, such as Modulr, to enter the market and deliver better payment services to businesses managing high-volumes of complex payments. Our challenge is educating the industry on this change and the opportunities for payroll, accountants and software businesses.

Would you like to become an active member of any of BASDA’s SIG groups?

Particularly interested in Payroll & HR plus Accountants in Practice

You can find out more information on their website: https://www.modulrfinance.com/

We look forward to hearing their views and supporting them as a member.

If you are not already a member of  BASDA and would like more information on how to become one, click here for more information on how to join.