Member Article

Modern World Business Solutions accelerates growth following success of innovative FinTech platform

An innovative FinTech business dedicated to improving the payments sector through the power of technology is on track to double its market share, after accelerating growth by an impressive 80% over the last 6 months alone.

Established in 2018, Modern World Business Solutions was founded by CEO, Warren Whitfield, with a clear vision to ‘join the dots’ in the payments ecosystem and improve the relationship between acquiring banks and end merchants.

Since this time, Modern World Business Solutions has developed its own tech platform, which not only improves how payment solutions are offered, but also provides merchants with its own dedicated panel that delivers valuable financial analysis and insights.

As such, not only has Modern World Business Solutions quickly grown into one of the UK’s most popular providers for merchant services - but it also boasts direct relationships with 14 acquiring banks, enabling it to build out a successful partner programme with over 1,000 resellers already on board.

Now on track to turnover in excess of £2.5 million by the close of 2023, Modern World Business Solutions is quickly disrupting the payments industry – with plans already in place to launch new solutions within the coming months.

Warren Whitfield, Founder and CEO of Modern World Business Solutions, confirmed: “For many years, the payments sector has been synonymous with outdated and disjointed processes – particularly when it came to sales – leaving many businesses in uncertain positions.

In launching Modern World Business Solutions, we not only recognised this issue but worked hard to develop our own tech platform that would overcome it and disrupt the sector, while delivering more value to acquiring banks and merchants alike.

The growth we have achieved since launch - and particularly over the last 6 months - is just brilliant and highlights that we are right in our approach to the market. I now look forward to continuing to innovate and in firmly establishing Modern World Business Solutions as a leading provider in the sector.“

Headquartered in Cambridgeshire, Modern World Business Solutions works closely with leading acquiring banks, including Elavon, Worldpay and AIB.

Its impressive growth has been supported by an experienced team of FinTech specialists, with headcount now at 25.

This was posted in Bdaily's Members' News section by John Stone .