Intuit QuickBooks Partners with Modulr to Power Business Payment Accounts

On March 3, 2021, Intuit's QuickBooks announced a partnership with Modulr, an embedded payments infrastructure provider, to power the new QuickBooks Business Account. The integration enables small businesses using QuickBooks accounting software to access digital payment accounts directly within the platform without needing to switch to external banking tools. Modulr contributes its payments-as-a-service infrastructure, providing API-driven account and payment capabilities that integrate seamlessly into QuickBooks' existing workflows.

For small business customers, this means streamlined cash flow management, faster payments, and reduced friction in financial operations. The partnership is a notable example of embedded finance in the accounting software vertical, a trend McKinsey highlighted as a key growth area for Banking-as-a-Service. By embedding banking functionality into a widely used business tool, Intuit deepens its ecosystem while Modulr gains access to QuickBooks' massive SME customer base.

Financial terms of the agreement were not disclosed.