Modularity Technologies

Company Overview

Snapshot

Founded in January 2014 by Gilad Hirsch, Modularity Technologies operated with 11–50 employees. The company was acquired by Nayax in September 2019.

Business overview

Modularity Technologies specializes in developing hardware-agnostic payment middleware, offering advanced features and capabilities to support various payment types. The company's solutions aim to enhance efficiency and reduce operational costs. Key products include moduPOS, a cloud-based ECR application for iOS and Android devices, and moduPay, a digital mobile wallet designed for secure monetary transactions, particularly targeting unbanked markets and financial institutions transitioning to mobile digital transactions. Modularity operates within the Fintech & Insurtech sector, focusing on money transfer and management for enterprise customers.

Strategic signal

Modularity Technologies was acquired by Nayax in September 2019. This acquisition signals a consolidation within the digital payments sector, with Nayax integrating Modularity's credit card payment clearing technologies for Android-based devices to expand its offerings and market reach.

Company Intelligence Q&A

What is Modularity Technologies' primary focus?

Modularity Technologies develops hardware-agnostic payment middleware with advanced features for various payment types, aiming to increase efficiency and reduce costs.

When was Modularity Technologies founded?

Modularity Technologies was founded in January 2014.

Who founded Modularity Technologies?

Modularity Technologies was founded by Gilad Hirsch.

What are Modularity Technologies' main products?

Modularity Technologies offers moduPOS, a cloud-based ECR app for iOS and Android, and moduPay, a digital mobile wallet for secure monetary transactions.

What was a significant corporate event for Modularity Technologies?

Modularity Technologies was acquired by Nayax in September 2019.