London-headquartered fintech company Modulr is expanding its embedded finance platform to France and Spain
IN BRIEF:
- Expansion comes after the company received authorisation from the two countries’ central banks
- It also gives Modulr permission to use “specific localisation” of its financial products in the two markets
- Founded in 2016, Modulr’s tools let businesses control, automate and embed payments
What does this mean?
“Ultimately, this creates huge opportunities for economic growth across the continent and enables businesses to provide enhanced customer experiences, all thanks to the progressive regulatory environment fostered by the European Union and the UK” said Myles Stephenson, CEO and founder of Modulr.
