UK FinTech Modulr has raised £18.9mn in growth funding.
The round was led by Highland Europe and included Frog Capital.
Modulr offers a Payments as a Service model.
It helps automate payment flows and was recently made a Visa principal partner.
What does this mean?
The company also gained a £10mn grant from the Capability and Innovation Fund, and has raised a total of £43mn to date. It will use the funding to expand its payment platform both in terms or geography and product range.