Modulr, a Payments-as-a-Service firm which uses APIs, has secured investment from FIS Ventures.
In Brief:
FIS Ventures is the corporate venture arm of tech giant FIS.
FIS will use Modulr’s infrastructure for real time payments.
This is part of FIS’ strategy to improve B2B payments across the UK and rest of Europe.
What does this mean?
Modulr, which offers businesses of various sizes software platforms to improve B2B payments, made huge progress last year as it added a number of large enterprise clients due in part to a surge in digital payments over the past year.
