UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform

UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform

Modulr, a UK-based payments platform, recently raised $108 million from investors General Atlantic and Faridi to expand its crowdfunding platform. This marks the largest-ever funding round for a UK-based fintech startup. The move signals that Modulr is looking to capitalize on the surge of crowdfunding platforms in recent years.

With the additional funding, the company hopes to enter new markets and offer more products and services to its customers.

General Atlantic

This article will discuss Modulr’s recent investment from General Atlantic and Faridi, which totaled $108 million. Modulr is a UK-based payments platform that provides a platform for crowdfunding.  UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform  investment marks the largest-ever funding round for a UK-based fintech startup and signals Modulr’s ambition to expand its crowdfunding platform.

Background of Modulr

UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform payments platform that provides a platform for crowdfunding. Founded in 2015, the company has since become one of the leading players in the UK’s fintech industry. Modulr’s platform enables customers to quickly and securely make payments, and it has recently seen a surge in demand for its services in the wake of the pandemic.

General Atlantic and Faridi Investment

UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform investors General Atlantic and Faridi. This marks the largest-ever funding round for a UK-based fintech startup and signals that Modulr is looking to capitalize on the surge of crowdfunding platforms in recent years.

The investment is a strategic move for General Atlantic and Faridi, who are looking to gain a foothold in the UK’s growing fintech industry.

Modulr’s Expansion Plans

With the additional funding, Modulr is looking to expand its platform to new markets and offer more products and services to its customers.

The company is also looking to ramp up its marketing efforts in order to reach a wider audience. Additionally, Modulr is planning to use the funding to invest in new technologies and hire more staff to support its growth.

Conclusion

Modulr’s recent investment from General Atlantic and Faridi signals that the company is looking to capitalize on the surge of crowdfunding platforms in recent years. With the additional funding, the company plans to expand its platform to new markets and offer more products and services to its customers.

This marks the largest-ever funding round for a UK-Based Modulr Raises $108M from General Atlantic and Crowdfunding Platform  fintech startup and could prove to be a major boost for the company in the coming years.

Elishay Smith

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