Modulr
Modulr is a UK (outside the EU/EEA) fintech-infrastructure provider (Card issuing software, IBAN sponsor, BaaS). Verified at source - licence, regulator and registry reference. Active
Who it's for
Modulr is built for teams creating and controlling payment cards via API. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds. Verified stand-outs: local IBANs across 5 country codes.
Sovereignty profile
- Data residency (EEA): Partial - partly in the EEA - check the rail
- Company origin: UK (UK / Netherlands)
- Local IBANs: GB; NL; ES; FR; IE
- Client funds: safeguarded (segregated at a credit institution) - ring-fenced from creditors, not deposit-guaranteed
What Modulr does
Capabilities & rails
- 🛤️ Payment rails (documented): SCT · SCT Inst · FPS · Bacs · CHAPS · SWIFT
- Account model: Virtual
- Account currencies: EUR; GBP; USD; CHF; PLN; CZK; SEK; NOK; DKK
Verified licence profile
Modulr (UK + Netherlands) - payments and accounts-as-a-service; EMI FCA (UK) + EMI DNB (Netherlands), passported across the EEA, with branches in IE/ES/FR.
Verified 2026-07-19. How we verify → · Spotted something out of date? Report a correction. · Are you Modulr? Work with us →
Official register entries
- E-money institution (EMI) - The Netherlands Bank · Ref R182870 · Active (EBA PSD2 register, as of 2026-07-18)
- E-money institution (EMI) - Central Bank of Ireland · Ref C191242 · Active (EBA PSD2 register, as of 2026-07-18)
Register-sourced. See the full European Fintech Index. Registers have no legal significance - always confirm current status with the home regulator.
European alternatives to Modulr
🏦 Local IBANs: LT
Bankera (Lithuania) - business and personal banking (LT IBANs, SEPA/SWIFT, cards) operated via UAB Pervesk (EMI, Bank of Lithuania). Earlier 2017-18 ICO-funded history.
🏦 Local IBANs: LT
ConnectPay (Lithuania) - BaaS and embedded finance for platforms (accounts, payments, cards). EMI No. 24 (Bank of Lithuania); PIS/AIS extension 2024.
🏦 Local IBANs: IE
Fire (Ireland) - EUR and GBP accounts, Irish IBANs and an API; a Payment Institution under the Central Bank of Ireland (Ref C58301), with a UK entity. NB: PI, not EMI.
🏦 Local IBANs: LT
Genome (UAB Maneuver, Lithuania; since 2018) - LT IBANs, accounts and cards. EMI LB000453 (Bank of Lithuania).
🏦 Local IBANs: BG
iCard (Bulgaria) - personal and business IBANs, cards and a wallet (Phyre); the 2nd-largest EMI in Bulgaria (37.8% share). EMI, Bulgarian National Bank.
🏦 Local IBANs: LU
Mangopay (Mangopay S.A., Luxembourg) - marketplace and platform payments with per-user virtual IBANs. EMI, CSSF.
Side-by-side
Verified facts in one table - licence, residency, rails. No verdict.
FAQ
Is Modulr European / EEA-based?
Partly. Modulr is UK origin (UK / Netherlands); part of its rail or data sits outside the EEA - check the licence profile.
What does Modulr do?
Modulr covers: Card issuing software, IBAN sponsor, BaaS. Verified at source by Fintechnologica.