What is Modo?
Modo operates a Payments Orchestration Platform (POP), a Software-as-a-Service solution designed to optimize payment processing. The platform aims to reduce payment fees, enable backup provider integration, and enhance success rates without requiring complex API overhauls. By intelligently orchestrating transactions across multiple providers, Modo passes on cost savings to its clients, addressing the inefficiencies of traditional, one-size-fits-all payment processing models.
How much funding has Modo raised?
Modo has raised a total of $15.3M across 3 funding rounds:
Angel/Seed
$2M
Series A
$13M
Debt
$350K
Angel/Seed (2016): $2M, investors not publicly disclosed
Series A (2018): $13M led by Deutsche Bank
Debt (2020): $350K supported by PPP
Key Investors in Modo
Deutsche Bank
Deutsche Bank is a global financial services company providing a wide range of corporate and investment banking, private banking, and asset management services. Their investment in Modo suggests a strategic interest in innovative payment solutions and financial technology infrastructure.
PPP
Public-Private Partnership
What's next for Modo?
The substantial enterprise-level funding and recent strategic investment indicate Modo is poised for significant scaling and market expansion. This capital infusion will likely fuel product development, enhance sales and marketing efforts, and potentially explore new strategic partnerships to further solidify its position in the competitive payments technology landscape. The company's focus on cost savings and operational efficiency through orchestration positions it well for continued growth.
See full Modo company page
