Modulr boosts US expansion with Cogent Bank partnership. The paytech debuted in the US through a partnership with FIS back in January. September 25, 2026 UK-based embedded payments provider Modulr has partnered with Florida-headquartered Cogent Bank as it ramps up its US expansion. Founded in 2015, Modulr consolidates and automates payment and reconciliation workflows for more than 6,000 businesses, processing over 200 million transactions and over £180 billion in payment value on an annualised basis. Having initially focused on the UK and European markets, in January, the paytech debuted in the US through a partnership with FIS. At the time, Modulr stated it would provide the financial technology company with "critical technology" for FIS' Money Movement Hub. Partnering with Cogent Bank, Modulr will provide the bank's customers with access to "multiple payment rails through a single streamlined platform tailored to their payments needs", according to a company statement. Modulr continues that its new and existing customers can "open US accounts and make same-day and standard payouts through an integrated platform, with routing automatically optimised for cost and speed". Reflecting on Modulr's US expansion, Myles Stephenson, founder and CEO of Modulr, says: "Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the US through our strategic partnership with FIS." Modulr also recently featured in the news when the UK's Financial Conduct Authority (FCA) announced that the paytech had been admitted to the regulator's scale-up unit, where it will benefit from tailored regulatory support when developing new products, responding to policy changes, and managing growth. Reporter, FinTech Futures Francis Bignell is a reporter at FinTech Futures with a keen interest in all things fintech, especially in the Latin America region. Writing in the industry for four years, he has moderated webinars and podcasts as well as interviewed executives from a wide range of sectors. Sep 25, 2026 Get more out of your news on Google Choose FinTech Futures as a 'Preferred Source' to get quicker access to the fintech news you value.

Modulr accelerates US expansion with Cogent Bank partnership. London, UK and Orlando, Fla.| 23 September 2026: Modulr, the payments automation platform built to scale, today announced further expansion in the United States through a strategic partnership with Cogent Bank. The partnership combines Modulr's payments automation platform with Cogent Bank's deep experience as a U.S. state-chartered, full-service community bank, giving businesses moving money in the U.S. access to multiple payment rails through a single streamlined platform tailored to their payments needs. It builds on Modulr's initial launch into the U.S. earlier this year, after it was selected by global financial technology leader FIS to provide next-generation payments technology to U.S. financial institutions. New market, same strong expertise The U.S. is one of the world's largest payments landscapes, with its B2B payments market alone valued at more than $460bn in 2025 and forecast to roughly double over the coming decade. Real-time payments are also reshaping how U.S. businesses move money according to latest data from U.S. payments networks: FedNow processed $853bn in 2025, a near-24x increase from 2024, while The Clearing House's real time payments (RTP) processed over $1.3 trillion in the same year. However, businesses in the U.S. today face the same challenges that Modulr set out to solve in the UK and Europe when it launched a decade ago, including a slow and fragmented payments ecosystem, operationally complex integrations, and a high-friction onboarding process. Modulr has deep experience building real-time payments infrastructure, supported by strong compliance and operational foundations, focused on removing this complexity - and can now roll this out in partnership with Cogent Bank. A bank built to scale with Modulr Modulr selected Cogent Bank as its U.S. partner based on its high growth as well as its investment in modern banking infrastructure. Since its founding in 2018, Cogent has grown from $85 million to more than $2.5 billion in assets, a 30x increase. Cogent's core infrastructure integrates directly with FIS's Money Movement Hub, giving Modulr customers access to a broad range of expanding payment features, such as the Automated Clearing House (ACH), RTP, and FedNow networks through a single, streamlined platform. Existing and new Modulr customers can open U.S. accounts and make same-day and standard pay-outs through an integrated platform, with routing automatically optimized for cost and speed. It is built for current Modulr customers scaling into the U.S., giving them one platform on both sides of the Atlantic, as well as U.S.-native platforms processing high volumes of payments in verticals like lending, earned wage access and payroll. "There has been a growing appetite from existing and prospect customers for us to provide our payments automation services in the U.S.," commented Myles Stephenson, Founder & CEO, Modulr, "and this, alongside the large gap in the U.S. market for automated, simplified payments, means we are well positioned for this next stage of growth through our partnership with Cogent Bank. Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the U.S. through our strategic partnership with FIS." "We will begin piloting our U.S. platform with several key customers in earned wage access, lending and merchant services and will shortly expand into payroll, giving businesses the confidence, coverage and tools they need to scale across the U.S." "Our partnership with Modulr reflects our commitment to delivering innovative payment solutions that help businesses scale with confidence," said Barbara Negron, SVP, Managing Director, Embedded Finance & Partnerships at Cogent Bank. "By combining our modern banking infrastructure with Modulr's payments automation platform, we're making it easier for businesses to move money quickly, securely and efficiently." About Modulr. Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business - including payroll, supplier payments, spend management, and payment collection - which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses - from fast-growing SMEs to global enterprises - including through a partnership with global financial technology leader FIS. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB). About Cogent Bank. Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since it was founded in 2018. With over $1 billion in total assets Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients' goals and objectives. To learn more, visit www.cogentbank.net.

Modulr becomes the only non-bank payment service provider with direct access to all three major UK payment schemes. Modulr, the payments automation platform built to scale, has become a direct participant in CHAPS, the UK's same-day high-value payment scheme, settling directly at the Bank of England. Modulr is one of the 260+ fintechs in the FinTech Scotland community. CHAPS is a critical part of the UK's payments infrastructure, enabling high-value, time-critical payments. In 2025 the system settled £93.9tn across a record 53.3mn payments, an average of £371.3bn every working day, according to the Bank of England. As demand and transaction volumes grow, settling CHAPS payments directly at the Bank of England gives Modulr greater control over its payment flows and a more efficient service for customers. This development also means Modulr is the only non-bank payment service provider (NBPSP) with direct access to all three of the UK's major payment schemes: Faster Payments, Bacs, and CHAPS. Myles Stephenson, Founder & CEO, Modulr, said: "Becoming a direct participant in CHAPS is a landmark moment for Modulr; we are now the only non-bank payment service provider in the UK connected directly to all three major UK payment schemes, which uniquely positions us in the market to provide a resilient payments automation platform that scales with our customers". Modulr has also just been named one of the world's top fintech companies for 2026 by CNBC and Statista, a prestigious recognition that reflects the company's growing impact and reputation on a global scale. Modulr's achievement is a testament to the ambition and capability within Scotland's fintech community.