How they describe themselves: Modo was founded in Dallas in July 2010 and provides a COIN® operated digital payments hub that connects new digital experiences to payments systems worldwide. Modo’s patented COIN® transaction takes monetary value from just about any source, and can deliver it to just about any destination, without requiring partners to modify their systems. Truly a ‘shipping container for global payments’, the Modo COIN® simplifies the complex world of payments in the digital era.
How they describe their product/innovation: The Modo Digital Payments Hub is an awesome technology to design and manage the full lifecycle of digital payment transactions across the global payments ecosystem. Oh, and it’s COIN® operated. The Modo Digital Payments Hub is made up of four components: Payments System Connectors, Payments Transactions, Credentials Vault, and Digital Experiences.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed