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 […]

Fintech 2.0: Collaboration + Innovation = Celebration!

Celebrations rang out at Money20/20 as Bruce Parker, Modo Founder and CEO, and Rick Striano, Managing Director Digital Product Development at Deutsche Bank, spoke on stage about the recent Modo Deutsche Bank partnership. We’re working to expand the bank’s payments business to fast-growing, non-bank platforms with a focus on mobile wallets and peer-to-peer networks. Continue reading […]

The Nilson Report: Interoperability from ModoPayments

Originally published on The Nilson Report  ModoPayments handles distributed transaction processing on behalf of clients needing interoperability for payment and loyalty systems. The company’s cloud-based (AWS) platform, called Coin, is a utility that solves connectivity problems between different systems that need to work together. Modo offers a digital payment hub that enables connections to many […]

PYMNTS.com: How Airline Loyalty Points Work As Currency

Modo recently announced their partnership with Etihad Airways to turn their Etihad Guest loyalty points into a currency. The solution was a part of the Fintech Innovation Challenge in Abu Dhabi. PYMNTS spoke with us about our solution and dove into how it can work for merchants all around the globe. Read the full interview […]

Inside the Klarna/Modo deal: how to deliver fast and flexible payments

In 2016, Modo and Klarna announced their partnership to speed up time for merchants to integrate Klarna into their systems. Klarna referred to the project as “instant integration” because Modo’s technology allowed for merchants to use Klarna much faster that previously able. It’s been two years since the announcement of the partnership, and PaymentEye spoke […]

How Banks Can Connect To Emerging Payment Methods

Modo CEO, Bruce Parker, chatted with PYMNTS about why Deutsche Bank chose to invest in us, and what we can do for large banks of their size with our technology.  By PYMNTS Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of volume. […]

Modo Partners with Etihad Airways to Co-Create Loyalty Solution as part of the FinTech Abu Dhabi Innovation Challenge

DALLAS, Aug. 28, 2018 — Modo, the payments technology startup focused on creating interoperability between payment systems, today announced their partnership with the leading international airlines of the UAE, Etihad Airways, to co-create a unique loyalty solution for the airline industry as part of the FinTech Abu Dhabi Innovation Challenge (the Innovation Challenge). The annual Innovation Challenge, an […]

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

Written by 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 to […]

PYMNTS: Deutsche Bank invests in Modo

Written by 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 […]

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