Modusbox Secures $7.5 Million In Series A Funding To Accelerate Innovation For Community Financial Institutions

Apr 28, 2022•over 3 years ago

Amount Raised

$7.5 Million

Round Type

series a

Seattle

Description

ModusBox, the infrastructure and integration technology company for financial services, today announced the close of a $7.5 million Series A investment. The round is led by Patamar Capital, a social impact fintech venture fund, and co-led by Choice Bank, a leading sponsor bank. BankTech Ventures and American Capital Partners also participated in the round.

Company Information

Company

Modus Box

Location

Seattle, Washington, United States

About

ModusBox is the infrastructure and integration technology company focused on open banking solutions that unlock access to banking core data, eliminate vendor dependencies, and simplify connections to fintechs and real-time payment networks. Our PortX platform is the iPaaS (Integration-Platform-as-a-Service) built for financial services. It helps financial institutions empower their teams to connect to real-time payment networks like Zelle®, Mojaloop, ACH, Fedwire, and others. In addition, our solutions enable interoperability between online banking, credit checks, mortgage and loan applications, and other internal systems allowing for a timely and accurate view of customer data. For more information, please visit www.modusbox.com.