Fintech Startup Modo Closes Over $13M Series A with Deutsche Bank

Modo, a fintech startup focused on payments interoperability, announced the close of its Series A funding round totaling over $13 million. Deutsche Bank participated in the round, highlighting a significant bank-fintech partnership in the payments infrastructure space. Modo's platform enables connections between disparate payment systems, allowing financial institutions and enterprises to integrate various payment methods more seamlessly.

Deutsche Bank's involvement as an investor signals the institution's strategic interest in modernizing payments infrastructure through fintech partnerships. The funding is expected to support Modo's product development and market expansion efforts. Financial terms beyond the total round size were not fully disclosed.

The deal reflects a broader trend of major banks investing in BaaS and embedded finance infrastructure providers to enhance their own service capabilities.