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Payments-as-a-service API platform Modulr raises £14m

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Modulr, a London-based payments-as-a-service API platform for digital businesses, has raised £14 million in a funding round led by Frog Capital.

Existing investors including Blenheim Chalcot joined the round, which takes Modulr’s total funding to £24.5 million.

The startup is already moving billions of pounds for businesses across alternative lending, employment services, accounting platforms, marketplaces, fintech companies and the travel industry.

Read more here.

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