Modern World Business Solutions, an award-winning FinTech innovator in the UK’s merchant services and payments software sector, has secured £9m in growth funding to drive the next phase of its expansion.
The funding has been raised from undisclosed investors and will enable the company to increase its team from 60 to more than 200 employees over the next 18 months while expanding into underserved areas of the merchant services and software market.
Modern World Business Solutions, known for its acquirer-agnostic and brand-neutral model, simplifies the way UK businesses access and manage card payment solutions. The company’s approach allows SMEs and growing enterprises to compare, customise and deploy the most suitable payment solutions without being tied to a single acquirer, processor or hardware provider, ensuring merchants receive payment systems tailored to their specific needs.
The fresh funding will support rapid hiring across sales, development, customer success, and compliance functions. It will also be used to enhance MWBS’s infrastructure for onboarding, merchant switching, and delivering real-time transaction insights, while deepening market reach in the hospitality, retail, professional services, and e-commerce sectors.
The company’s platform enables businesses to easily compare merchant service offers, transaction rates, hardware, and settlement timelines, promoting transparency and cost efficiency. This expansion aligns with rising demand for independent and comparable payment services, driven in part by regulatory changes from the Payment Systems Regulator that have made it easier for businesses to switch providers.
In recent years, Modern World Business Solutions has received multiple industry awards for its commitment to technology innovation and scalable FinTech solutions designed to support business growth.
“This is about more than growth, it’s about creating a fairer, more transparent payments for all businesses,” added Warren. “Our focus remains on building tech that works for every business, not just big brands.”
Modern World Business Solutions founder and CEO Warren Whitfield said, “While fintech innovation often focuses on consumer apps and neobanking, we’re building the infrastructure that powers the businesses behind them. This fund allows us to scale our team, deepen our market intelligence, invest further in ground-breaking tech-development and deliver even greater value to UK businesses navigating the complexities of taking card payments.”
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