“Can an open-source payment switching and integration platform become the connective tissue between community financial institutions and the modern fintech ecosystem?”
Founded in 2013, ModusBox initially built open-source interoperable payment switching infrastructure, gaining recognition for work with Mowali, the Bill and Melinda Gates Foundation, and World Council of Credit Unions. The company pivoted toward serving community banks and credit unions with an Integration-Platform-as-a-Service (iPaaS) connecting banking cores, real-time payment networks, and fintechs. In 2022, ModusBox bifurcated its business: the enterprise integration/iPaaS side was spun out as PortX (raising $10M), while ModusBox retained focus on fintech connectivity products (Fintech Hub, Integration Manager, Payment Manager) for community financial institutions.
Modusbox processes payments through ModusBox Payment Manager (self-operated).
Modusbox was founded by Kent Brown and is founded in 2013, headquartered in Mercer Island, Washington, United States.
Modusbox has raised $7.5M in total (latest round: Series A, April 2022).
Get a read on where your own stack stands against Modusbox and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.