FinTech startup Modulr brings total raised to £10.5m

Modulr, a FinTech firm which provides bank accounts for business payments, has raised a new round of funding which was led by Blenheim Chalcot. The company has now raised a total of £10.5m.

The startup, which was founded in London in 2016, has just opened a new office in Edinburgh and plans on increasing its staff to over 100 people across its offices.

According to Modulr it has processed £4.2bn in business payments over the last two years and its transaction volumes have been growing by an average of 11% month-on-month.

To read more, click here.