Modo
Founded Year
2010Stage
Incubator/Accelerator - III | AliveTotal Raised
$22.23MAbout Modo
Modo is a payment platform to simplify payments for complex organizations. It allows global enterprise sellers to control and manage money and data flows, commerce propositions, and more. It was founded in 2010 and is based in Plano, Texas.
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ESPs containing Modo
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The card-linked programs market allows card issuers to integrate merchant rewards into their card programs, incentivizing consumers to use their products. Card-linked programs typically involve the use of a payment card or account linked to a loyalty program or offer, which automatically applies discounts or rewards at the point of sale. Additionally, this market enables merchants to drive strong …
Modo named as Leader among 12 other companies, including CRED, Drop, and Bink.
Research containing Modo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Modo in 2 CB Insights research briefs, most recently on Oct 20, 2021.
Expert Collections containing Modo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Modo is included in 4 Expert Collections, including Loyalty & Rewards Tech.
Loyalty & Rewards Tech
540 items
Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs including loyalty software, AI-powered loyalty, blockchain-powered loyalty, and more.
Payments
2,779 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
8,088 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
91 items
The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.
Modo Patents
Modo has filed 8 patents.
The 3 most popular patent topics include:
- Sensors
- Wireless networking
- Wireless sensor network
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/8/2020 | 5/3/2022 | Wireless networking, Wireless sensor network, Computer connectors, Sensors, Networking hardware | Grant |
Application Date | 12/8/2020 |
|---|---|
Grant Date | 5/3/2022 |
Title | |
Related Topics | Wireless networking, Wireless sensor network, Computer connectors, Sensors, Networking hardware |
Status | Grant |
Latest Modo News
Sep 13, 2023
Di 13 set 2023 Italia Independent ha un nuovo proprietario. Il brand fondato da Lapo Elkann è stato infatti acquisito da Modo Group, da oltre 30 anni specialista dell’eyewear e già proprietario dei marchi Modo ed Eco. Da sinistra, Giovanni Lo Faro (Ceo International) e Alessandro Lanaro, fondatore e AD di Modo Group “Ho sempre ammirato l’incredibile successo di Italia Independent fin dagli esordi, siamo orgogliosi di prenderne in mano il futuro e di avere la possibilità di contribuire in modo significativo allo sviluppo del brand”, ha commentato Alessandro Lanaro, fondatore e AD di Modo Group. “Modo Group e Italia Independent sono da sempre accomunate dal desiderio di rappresentare una voce fuori dal coro nel settore; il nostro obiettivo è quello di ricollegare la grande community che Italia Independent ha creato negli anni sia nel settore ottico che nei consumatori finali”. Modo Group è un’azienda di occhialeria alquanto atipica nel panorama italiano, caratterizzata sin dalla sua nascita da un forte spirito cosmopolita. La società è stata infatti fondata nel 1990 a New York da Alessandro Lanaro, originario del Cadore, e ha dunque iniziato la propria attività negli Stati Uniti. Nel 2005, con l’arrivo dell’attuale CEO International Giovanni Lo Faro, Modo Eyewear ha iniziato la propria espansione anche al di fuori dagli USA, aprendo una sede a Milano, nel 2008, e uno studio di design e marketing a Stoccolma. Pubblicità Grazie all’operazione, Italia Independent potrà dunque contare sulla solida organizzazione aziendale di Modo Group e sulla sua incisiva presenza in termini di distribuzione a livello internazionale: i brand della società sono infatti presenti in circa 80 Paesi, all’interno di 20.000 punti vendita (di cui 1.500 in Italia, tra i mercati europei principali per l’azienda). Il primo mercato in assoluto sono gli Stati Uniti, dove viene generato circa il 50% del giro d’affari. Fino al 2021 Modo Group ha sempre conosciuto crescite a doppia cifra, con una media del 30% annuo; a causa del conflitto russo-ucraino e dell’inflazione, il 2022 è salito a cifra singola. “Sono contento che sia stato Modo Group ad acquisire il brand Italia Independent. Sono certo che Alessandro e il suo team, forti del loro track record, sapranno fare evolvere il marchio che ho fondato, al quale rimarrò sempre legato”, ha dichiarato Lapo Elkann. Il primo drop di collezione di Italia Independent sotto la gestione di Modo Group è previsto per la PE 2024, sarà Made in Italy e distribuito presso una rete esclusiva di ottici worldwide. Copyright © 2023 FashionNetwork.com Tutti i diritti riservati. Tags :
Modo Frequently Asked Questions (FAQ)
When was Modo founded?
Modo was founded in 2010.
Where is Modo's headquarters?
Modo's headquarters is located at P.O. Box 861765, Plano.
What is Modo's latest funding round?
Modo's latest funding round is Incubator/Accelerator - III.
How much did Modo raise?
Modo raised a total of $22.23M.
Who are the investors of Modo?
Investors of Modo include Plug and Play Accelerator, Deutsche Bank, MasterCard Start Path, Tim Keith, Jay Kassing and 3 more.
Who are Modo's competitors?
Competitors of Modo include Gr4vy and 8 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Modo to Competitors
Primer offers an orchestration and commerce automation infrastructure platform. It enables merchants to unify their entire payment and commerce stack and build end-to-end flows helping them to expand into new markets. It was founded in 2020 and is based in London, United Kingdom.
Payrails delivers a flexible payment infrastructure. It builds a cloud-native payment operating system for high-growth businesses to accept payments globally and streamline payment operations. The company was founded in 2021 and is based in Berlin, Germany.
Stripe operates as a financial technology company. It offers an online payment processing platform that securely accepts credit card payments. It allows users to accept payments, send payouts, and manage businesses online. It offers solutions for marketplaces, electronic commerce (e-commerce) companies, and more. Stripe was formerly known as DevPayments. The company was founded in 2010 and is based in South San Francisco, California.
Gr4vy is a cloud payment orchestration platform. Its platform helps businesses to manage payment solutions and also enables retailers to manage payment methods, services, and transactions. The company was founded in 2020 and is based in San Mateo, California.
Spreedly provides a cloud-based credit card vault that allows users to store cards independently from any gateway, integrate to a single API and work with one or all of the 50 different payment gateways the service supports.
Yuno operates as an online payment ecosystem. It enables companies to add and manage all payment methods and customize integrated checkouts. It was founded in 2022 and is based in Bogota, Colombia.
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