PR: Fintech Startup Modo Closes Over $13M in Series A Funding

DALLAS, Nov. 27, 2018 /PRNewswire/ — ModoPayments (Modo), the payments technology startup focused on reducing friction in payments, today announced the completion of over $13M Series A financing. This latest round brings the total amount of funding in the company’s history to over $16M. Investors who participated in the round include Deutsche Bank as well as other strategic and angel investors. The […]

PYMNTS: How Banks Can Connect To Emerging Payment Methods

Originally published in PYMNTS Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of volume. However, they face a challenge when it comes to working with emerging forms of payments. “It’s hard to get those systems now to interact with things that are […]

Finextra: Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Originally published on Finextra Deutsche Bank has moved to beef up its transaction banking franchise through the acquisition of a stake in US startup ModoPayments. Terms of the deal were not disclosed. Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes […]

PYMNTS: Deutsche Bank invests in Modo

Originally published in PYMNTS  Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche […]

Finovate: Deutsche Bank Takes Equity Stake in Modo Payments

Originally published in Finovate  Payments technology company Modo Payments announced this afternoon it received an equity investment from Deutsche Bank. The amount was undisclosed. Prior to today’s announcement, Modo had raised a total of $11.3 million since it was founded in 2010. The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, […]

Bloomberg: Deutsche Bank Pushes Digital With Second Fintech Deal This Year

Originally published in Bloomberg Deutsche Bank AG beefed up its digital banking operations again with a second investment in a fintech startup within four months, a move that points to a slow revolution at one of its most important divisions. The German lender, which has been shrinking staff and operations internationally, agreed to buy an unspecified […]

PYMNTS: Deutsche Bank takes stake in payments technology start-up Modo

Originally published in PYMNTS  Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche […]

TechCrunch: Digital Payments Startup ModoPayments Raises $2 Million

Originally published in TechCrunch Today, The Dallas Business Journal is reporting that ModoPayments completed a $2 Million funding round by a group of individual angels that includes Tim Keith, John Beletic, and Jay Kassing among others. We first reported on ModoPayments way back in 2011 when they were still primarily focused on building a mobile payments platform for store merchants to monetized location check-ins. […]

DBJ: Richardson startup raises $2M investment led by CEO of bullet train project

Originally published on Dallas Business Journal Richardson-based startup Modo Payments has just completed a $2 million raise that will help support the latest expansion of its payment services platform. The bridge round was led by Tim Keith, CEO of Texas Central Partners LLC, the private company behind the proposed high-speed rail between Dallas and Houston. Other […]

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