Payments business Modulr has raised $108mn Series C funding.
Modulr offers embedded payments infrastructure for businesses like Revolut.
The round was led by General Atlantic.
It also included existing investors such as Blenheim Chalcot, Frog Capital, Highland Europe and PayPal Ventures.
What does this mean?
Modulr says it will use the funding to accelerate its “vision to become a payments infrastructure leader across the UK and Europe”. It aims for any software platform to be able to use its FinOps hub.