The fintech platform has raised $13m in series A funding from investors including Deutsche Bank to beef up its team.
US-based payment technology developer ModoPayments collected $13m in a series A round yesterday that included financial services firm Deutsche Bank.
The round featured a range of unnamed strategic and angel investors, including existing shareholders.
Founded in 2010, ModoPayments provides a cloud-based platform which enables banks, merchants, networks, payment processors and their partners to send and receive digital payments.
The company said the series A capital, which brings its total funding to more than $16m, will be used to hire staff.
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