Paytech Modo has just boosted its total funding to $13 million

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Paytech Modo has just boosted its total funding to $13 million

Paytech Modo has just boosted its total funding to $13 million

  • Modo focuses on interoperability Investors whose participation was announced in August as well as new and existing angel investors
  • Deutsche Bank will use Modo’s technology to boost its digital business-to-business and business-to-consumer payments
  • Extend payment capabilities into non-traditional channels such as the mobile wallets and peer-to-peer networks of Alipay, Paypal, M-Pesa, and WeChat
  • Modo developed a compelling proposition to address the needs of an evolving payments landscape and increasingly digital economy
  • Company exchanges payment data across platforms on behalf of banks, payment networks, and providers, enabling them to store, share, and track payment event data