Modulr Expands Embedded Payments Platform With Edinburgh Office Launch

Modulr, a UK-based embedded payments fintech, launched its first office outside London in Edinburgh during Fintech Fortnight, held September 18-20, 2018. The expansion followed a £10.5m funding round and signals the company's growth ambitions in the embedded finance space. Modulr provides API-based access to payment rails including Faster Payments and Open Banking, positioning itself as a modern alternative to traditional transaction banking infrastructure.

During the Edinburgh launch, the company hosted events focused on scaling fintech businesses and leveraging PSD2 and Open Banking opportunities. The move aligns with growing demand from non-financial platforms seeking to embed payment capabilities directly into their products. Modulr's platform enables businesses to automate payments and manage accounts programmatically, a core component of the emerging Banking-as-a-Service model.