Modulr
Modulr is a payments automation platform that processed over £180bn in annualized payments value and 200mn transactions in 2022. The London-based fintech serves over 6,000 businesses, from SMEs to global enterprises, and raised $181M in Series C funding in May 2022.
The growth story
Modulr grew from 217 to 528 employees between 2020 and 2026, raising $181M along the way, most recently a Series C in May 2022.
About
Modulr provides a platform that automates payment workflows including payroll, supplier payments, and payment collection. Its integrations connect with over 20 accounting systems, targeting businesses seeking to reduce manual processes and operational costs in financial operations.
The company has scaled to 528 employees and processes £180bn in payments annually, making it one of the larger players in payment automation. Its $181M Series C in 2022 suggests strong investor confidence in its growth trajectory.
Founders and leadership
Engineering is Modulr's largest function with 78 employees, reflecting its focus on building a robust payments platform. Leadership spans financial services veterans, with notable hires from Lloyds Banking and HSBC.
The Modulr org chart
Myles Stephenson (Founder & Chief Executive) leads 52 mapped leaders with 9 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 153 (+53% YoY), Information Technology 48 (+9% YoY), Finance 47 (+21% YoY), Business Development 45 (+7% YoY), Sales 39 (+44% YoY), Operations 36 (+24% YoY).
Talent flow
Modulr recruits heavily from Blenheim Chalcot India (19 hires) and major banks like Lloyds Banking (13) and HSBC (9). Alumni frequently move to payments giants like Mastercard (8) and Visa (4), indicating strong industry recognition.
Most common previous employers of Modulr staff: Blenheim Chalcot India (19), Lloyds Banking (13), Capgemini (12), HSBC (9), Tata Consultancy Services (9), WEX (8). Former Modulr employees most often moved to Mastercard (8), Visa (4), CreateFuture (3), Clear Junction (3), Lloyds Banking (3), hyble (2).
Alumni worth knowing
The Modulr mafia
Modulr alumni have founded 18 companies, including Visa and Coadjute, showcasing the fintech's role in spawning new ventures in the payments and blockchain sectors.
18Guido Vermeent, was Interim: MD Europe until 2026Dan Salmons, was ADVISORY BOARD MEMBER until 2019Dominic Broom, was Banking Consultant until 2020Guiv Ardalan, was Product Manager until 2021Joshua Bentley, was Market Development Manager until 2019Dominique Harvey, was Onboarding Programme Director until 2022
Edwin Abl, was Chief Marketing Officer until 2021
Romain Muhammad, was Head of Talent Acquisition until 2022
Gary Singh Dhanda, was Partnerships Director until 2020
Chris Ryalls, was Account Director until 2022
Macdara Molloy, was Onboarding Director until 2021
John Hardy, was Director, Talent Acquisition until 2022
Stephane Wyper, was Board Observer until 2023
Kate Avery, was Chief People Officer until 2021
Cameron M., was Engineering Squad Lead until 2025
Oliver Gryg, was Product Lead until 2023
Joeri Vankeirsbilck, was Strategic Market Development Director until 2018
Jennifer Viccars, was Chief Commercial Officer (CCO) until 2021Hiring now
Web traffic
Traffic mix: 60% direct, 33% search, 1% social, 1% paid.
What this company is made of
Most common skills at Modulr: Communication (141), Management (138), Java (131), Leadership (131), Teamwork (125), Microsoft Excel (121), SQL (119), Microsoft Office (111).
Where the team actually sits
Modulr people are concentrated in Maharashtra, India (80), England, United Kingdom (79), Scotland, United Kingdom (32), United Kingdom (24). 3 offices on record.
Search footprint
Modulr attracts about 151 organic search visits a month, traffic worth roughly $2K a month if bought through ads. It gained 79 ranking keywords and lost 113 in the last period.
What employees say
- Compensation
- 2.80 / 5
- Career opportunities
- 2.90 / 5
- Senior management
- 2.80 / 5
- Work-life balance
- 3.10 / 5
Frequently asked
Modulr has 528 employees as of September 2026.
Modulr has raised $181M in total, most recently a Series C round in May 2022.
Modulr was founded in 2015 by Myles Stephenson, Manoj Badale, Ritesh Tendulkar.
Myles Stephenson (Founder & Chief Executive) sits at the top of Modulr's reporting structure, with 9 direct reports.
The most common previous employers of current Modulr staff are Blenheim Chalcot India (19 people), Lloyds Banking (13 people), Capgemini (12 people).
Former Modulr employees most often move to Mastercard (8), Visa (4), CreateFuture (3).
At least 18 companies have a founder who previously worked at Modulr, including Visa, Coadjute, ETR Digital.
Modulr attracts about 151 organic search visits a month, worth roughly $2K a month in equivalent ad spend.
The most common skills among Modulr staff are Communication, Management, Java, Leadership, Teamwork.
Modulr staff are concentrated in Maharashtra, India (80), England, United Kingdom (79), Scotland, United Kingdom (32).
Modulr has about 153 people in Engineering, up 53% over the past year, as of September 2026.
Modulr has about 48 people in Information Technology, up 9% over the past year, as of September 2026.
Computed from 294 current and 348 former Modulr profiles, as of September 2026. Source: Crustdata.
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