Small financial institutions such as community finance institutions, credit unions, and microfinance institutions rarely have the ability to connect to interoperable payment networks due to high costs and technical hurdles.
ModusBox is a payments infrastructure company, providing open-source real-time payment (RTP) systems to regions and countries upgrading their legacy payments infrastructure. It also sells software to financial institutions such as microfinance institutions and credit unions to connect to RTP networks around the globe.
ModusBox’s unique, open-source approach improves financial transparency, reduces costs for low-income populations, and gives countries more control over their payment infrastructure than incumbent providers.
Fund
Patamar Fund II
Investment Theme
Financial Services
Countries
USA
PC Goals Addressed
SDG Alignment
