Modularbank announces EUR 4 mln late seed funding

Wednesday 9 December 2020 07:31 CET | News

Modularbank, the next-generation core banking platform, has announced its EUR 4 million round of late seed funding, aiming to expand footprints and further invest in its technology platform.

Modularbank’s cloud-agnostic core banking platform, built with an API-first approach, allows banks, financial services companies and any other business such as retailers, utility companies or telemedicine providers, to integrate its modular banking technology into their existing infrastructure.

The funding will initially be used to set up commercial operations, including an office, in the UK, and to increase operations in France, DACH and Southern Europe from Modularbank’s European base in Berlin. 

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Keywords: Modularbank, banking technology, funding, investment, financial services, fintech
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech