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Nebeus announced a partnership with Modulr

By Joy Dumasia

August 18, 2022

  • Card Payments
  • Crypto Payments
  • Crypto to Fiat

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, to augment its offering with accounts, real-time payments and Visa cards. This move makes Nebeus one of the first European companies to leverage Modulr’s one-stop card issuing solution across the UK and Europe.

Based in Barcelona, Nebeus is an European cryptocurrency app, and desktop platform specialising in providing a full crypto ecosystem that allows users to earn rewards on crypto by staking and renting, access an exchange and personal wallet, borrow crypto, and; embed crypto for B2B clients. Nebeus, connected to Modulr accounts and embedded payment features like Direct Debit, Faster Payments and SEPA Instant, can now scale operations across Europe and the UK in its bid to become the leading financial app bridging crypto and fiat payments. 

The partnership with Modulr will enable Nebeus to issue branded virtual and physical cards with ‘out of the box’ modern issuing features like card-freezing, real-time spend notifications and spend controls to their customers across the UK and Europe. This will provide Nebeus’ customers with a payment experience equivalent to that provided by a traditional bank account, but seamless, crypto-enabled, and instant. Modulr is one of few non-banks to hold and settle GBP funds at the Bank of England.

Combined, these payment methods mean Nebeus can offer each customer a dedicated digital account with unique IBANs (EUR) or Sort Codes and Account Numbers (GBP), together with a whole ecosystem of crypto services, and give customers a virtual and physical Visa card to spend fiat. In this way, Nebeus can offer consumers a bridge between crypto and traditional financial services.

Marca Wosoba, Managing Director of Europe at Modulr, comments: “We live in an age where we expect payments to be seamless, secure and instant. We’re excited to work with Nebeus and, in particular, for them to be one of our first live customers as we launch our card issuing solution across Europe. It’s a great example of the growth and innovation we can spark when we make money flow more efficiently through European businesses and the economy.

Establishing and running a card programme across Europe requires multiple partnerships; and the handling of such a complicated partner network requires extensive time and money. This pulls businesses away from their focus: customer experience and revenue growth. The European launch of our card issuing solution replaces these legacy inefficiencies with a proven, full-stack solution.”

Michael Stroev, COO and Head of Product at Nebeus, adds: “Our mission is to bridge the gap between crypto and traditional money by providing crypto and fintech services for all needs. Harnessing Modulr’s embedded payments platform, we can build new products and services to achieve our mission and scale at pace. With Modulr’s support, we are one step closer to becoming the leading cryptocurrency app in Europe.”

IBS Intelligence reported that Modulr announced a partnership with Ripple, the leader in enterprise blockchain and crypto solutions, to enable seamless payments into the UK and Europe. Trust Payments, the global unified payments group, is the first customer to go live and begin benefiting from the partnership.

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