Myles Stephenson (Founder & CEO, Modulr) sits down with Lloyd to talk about how his company provides payments infrastructure to the likes of Revolut, Sage, Liberis, iwoca or Salary Finance, enabling them to efficiently automate and embed payments transactions.
After receiving a biochemistry degree at University of Oxford, Myles developed his expertise in finance and retail building up the charge and credit facility for Marks and Spences in London and Ireland. In the midst of the financial crisis in 2008, he founded CorporatePay offering pre-paid card programs for corporates, turned into supplier payments and supplier disbursement platform. Fast forward to 2016, Myles founded Modulr, backed by Blenheim Chalcot that powers leading Fintech companies with API payments infrastructure. To date, an excess of over 70 billion pounds worth of value has been transacted on the Modulr platform.
In this episode, Lloyd and Myles discuss the ways Modulr support other fintechs to build out new products, lend to SMEs, or access multiple payment methods before outlining the benefits of automated B2B payment flows. Later they delve into Myles’s entrepreneurial experience and learn about his Mana!
03:22: How Modulr enables access for businesses into the payment systems?
15:31: Journey to Profit
17:47: Processing 4 billion GBP monthly
19:03: Journey to entrepreneurship
30:11: Setting up a fintech company in 2008
37:39: More than open finance
43:38: Universities and fintech partnerships
58:15: Myles Mana