The digital payment technology developer's overall funding funding passed $84m with financing from Paypal Ventures.
Digital payment processor Paypal has made a £9m ($12m) investment in UK-based payment software provider Modulr, through its corporate venturing unit, Paypal Ventures.
Modulr has built a payments-as-a-service application programming interface (API) used by digital businesses in the lending, banking, financial technology, travel, employment services and accounting sectors.
The company’s API enables business customers to automate payment flows, embed payments into their own products and build new payment products and services. The funding will be used to develop new products,…
