ModusBox Raises $7.5M in Series A Funding ModusBoxThe Series A funding for, a Seattle-based integration and infrastructure technology company, was $7.5M.

Patamar Capital led the round with Choice Bank and American Capital Partners. The company plans to use the funds for the acceleration of the development and partnerships with advanced fintech solutions. It will also continue its contributions to Mojaloop’s real-time payments ecosystem. Additionally, it will recruit and market top talent to support customer success and engineering. ModusBox’s CEO David Wexler is responsible for providing open banking solutions. These solutions allow access to core banking data, eliminate vendor dependence, simplify connections with fintechs, and real-time payments networks. PortX is an Integration-Platform-as-a-Service (iPaaS) for community financial institutions (CFIs) that gives access to banking core data, eliminates vendor dependencies, and creates simplified connectivity for fintechs and real-time payment networks that are reshaping the global financial system. It helps financial institutions empower their teams to connect to real-time payment networks like Zelle®, Mojaloop, ACH, Fedwire, and others. The solutions allow for interoperability among online banking, credit checks and mortgage applications. This allows for an accurate and timely view of customer data.

--

--

--

Gateway to News Africa! | All about Startups and Entrepreneurship.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

SparkMeter Raises $10M in Funding

3 Hot Stocks Growing Faster Than Snowflake Right Now | The Motley Fool

An Open Letter to The Uber Board and Investors

Peloton Unable to Keep Pace With Demand as Sales Triple | The Motley Fool

Fastly acquires Fanout for real-time app development at edge

fastly

Merger Anxieties during a Pandemic

How to Buy Into the Success of These 3 Everyday Products \ool

5 Benefits of Lead Management Software For Your Business

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Explode Africa

Explode Africa

Gateway to News Africa! | All about Startups and Entrepreneurship.

More from Medium

ProNoBot — Gender Identity Conversation ChatBot

Dlithe 31/03/2022 Experience

An Introduction to Tropic Legends Clothing Co.

Has Sci-Fi predicted all?