Modulr opens Amsterdam office

UK-founded fintech company Modulr has opened an office in Amsterdam to run its European operations and as a springboard for further expansion in the EU in the next two years.

The payments-as-a-service API platform enables businesses to automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves. Clients include Sage, Intuit (QuickBooks) and Revolut. 

Named the second-fastest growing tech company in the UK, Modulr is also expanding its team across a number of functions, including product, compliance and business development. 

Marca Wosoba, general manager at Modulr Netherlands said: “Amsterdam provides us with the specialist talent, excellent local business services and an energetic fintech scene to help us on our mission. When it comes to taking advantage of SEPA Instant and a digital instant economy, the real differentiation for European businesses will be how smoothly funds flow at either end of the rail - a proven real-time payments engine can seriously scale potential.”

Amsterdam is a frontrunner in fintech 

As well as being home to the Amsterdam Stock Exchange and headquarters of major Dutch banks, Amsterdam has established itself as a leading centre for fintech in recent years, thanks to payment pioneers such as Mollie, the Netherlands’ highest valued unicorn, and Adyen, and digital bank bunq. The city’s innovative tech community, English-speaking talent pool and excellent digital and transport connections make it a welcoming place for fintechs to build and scale.

And this week the city welcomes Money 20/20, the world's leading event for the payments, fintech and financial services industry. It will be the first convention to take place in Amsterdam after 18 months of pandemic restrictions.

Read more business news from around Amsterdam.