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 […]

Finovate: Deutsche Bank Takes Equity Stake in Modo Payments

Written by 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, Deutsche […]

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