What Modulbank does

Modulbank (legal name: АО КБ «Модульбанк») is a Russian digital-first commercial bank licensed by the Central Bank of Russia (License No. 1927, issued March 16, 2016) and headquartered in Kostroma, Russia. The bank targets individual entrepreneurs (ИП) and small-to-medium limited liability companies (ООО), serving a customer base of 200,000 entrepreneurs across Russia. Modulbank operates without a traditional branch network, offering remote account opening in five minutes via web and mobile (AppGallery, RuStore), and delivers services through vertical-specific sub-brands including ModulSeller (marketplace sellers on Wildberries, Ozon, Yandex Market, AliExpress), ModulTaxi (taxi drivers), and CafeStore (coffee shops).

The bank's product architecture follows a platform-plus-modules model anchored on the settlement account, with four subscription tiers (Starter, Optimal at 690 RUB/month, Unlimited at 1,500 RUB/month, Corporate at 3,920 RUB/month) and supplementary services including currency accounts in 13 currencies, business deposits (rubles up to 4.5%, yuan 0.15%), internet acquiring (from 1.89%) and QR acquiring via SBP (0.4-0.7%), ModulKassa cloud cash registers, ModulBuh accounting, and payroll services. Notable proprietary technology includes a 17-criteria compliance risk assessment system for 115-FZ anti-money laundering protection, the Green Limit feature (unlimited transfers to individuals with commissions from 0.75% based on verified counterparty turnover), and a Multibank feature allowing unified management of accounts at Sberbank, Alfa-Bank, Tochka, Tinkoff, Raiffeisen, and other Russian banks. Founded by Andrey Petrov, Oleg Laguta, and Yakov Novikov, Modulbank has been recognized as the '#1 Bank for Small Business' by Markswebb, FinWin, and SME Banking Club, and ranks 3rd in capital profitability among Russian banks.

Modulbank monetizes through a blended model combining recurring subscription fees (account maintenance tiers, ModulBlack premium at 6,900 RUB/month, White Business compliance add-on at 990 RUB/month), transaction fees (B2B payments, individual transfers, cash withdrawals), payment processing commissions, and deposit float income. Customer acquisition is product-led with heavy reliance on referral programs (92% recommendation rate) and a partner bonus ecosystem offering up to 348,000 RUB in benefits across Yandex, AliExpress, AviaSales, Ostrovok, and Delovye Linii. The bank has executed technology acquisitions (Avanpost and Unicloud Labs, February 2017) and built distribution through integrations with major Russian platforms. Revenue figures are not publicly disclosed.

Name

Modulbank

Legal name

АО КБ «Модульбанк»

Website

https://modulbank.ru

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Modulbank is a Russian digital-first commercial bank licensed by the Central Bank of Russia, serving 200,000+ individual entrepreneurs and SMBs with settlement accounts, compliance protection, acquiring, and an integrated ecosystem spanning marketplace sellers, taxi drivers, and coffee shops.

Ownership category

akta.pro rank

Product category

Small Business Banking

NAICS

Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Neobank Core Platform (Retail/SME Digital Bank) (FSAGAAAA)

akta.pro secondary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Small business banking
• Settlement account services
• Internet payment acquiring
• Foreign currency accounts
• Marketplace seller banking

Headquarters

HQ city

Kaliningrad

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Account Maintenance Fees: Monthly account maintenance fees ranging from 0 rubles (Starter) to 3,920 rubles per month (Corporate), with annual prepayment options at discounted rates
2. Transaction Fees: Fees for business-to-business payments, individual transfers (via Green Limit from 0.75%), and cash withdrawals at ATMs
3. Internet Acquiring: Commission-based payment processing for online transactions starting from 1.89%, QR code payments at 0.4-0.7%
4. Deposits: Business deposits in rubles (up to 4.5% annually) and yuan (0.15% annually)
5. Marketplace Services: Photo/video studio services for marketplace sellers, denial letters, certification support, and expert consulting
6. Premium Services: Modulblack premium service at 6,900 rubles/month with personal assistant and enhanced limits; White Business option at 990 rubles/month

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Modulbank is a digital-first commercial bank providing settlement (current) accounts, multi-currency accounts, deposits, payment acquiring, and corporate cards to small businesses and individual entrepreneurs in Russia. Its core is a remotely opened business account available in four subscription tiers (Starter free, Optimal 690 RUB, Unlimited 1,500 RUB, Corporate 3,920 RUB), extended with compliance protection, payroll, marketplace-seller tooling, taxi-driver IP registration, and coffee-shop commerce services.

Product overview

Modulbank is a digital bank for small and medium business (SMB) positioned as a comprehensive financial ecosystem offering banking services alongside complementary business tools. The core product is the расчётный счёт (settlement/current account) available to ИП (individual entrepreneurs) and ООО (limited liability companies) with four tariff plans. This core is extended through integrated modules including валютный контроль (currency control), эквайринг (acquiring - both internet and trade), Зелёный лимит (green limit for transfers to individuals), and Белый бизнес (white business compliance protection). The bank also offers vertical-specific sub-brands: КафеСтор (CafeStore) for coffee shops and food service, and services for taxi drivers (Модультакси). For marketplace sellers, Modulbank provides a complete seller ecosystem through its Модульселлер (ModulSeller) platform offering tariffs, photo studio, certification, analytics (Маркет.Метрика), education (Маркет.Институт), expert support (Маркет.Эксперт), and pickup point management. Premium tier ModulBlack provides personalized banking with 24/7 support and enhanced security. The architecture follows a platform-plus-modules model where the settlement account serves as the hub, with specialized add-on services for different business segments and use cases.

Differentiator

Problem solved

Functional benefit

Brands

• ModulBlack: Premium banking service with personalized tariffs, 24/7 assistant support, individual limits, and protection from account blocking
• Зелёный лимит (Green Limit)
• Белый бизнес (White Business)
• Мультибанк (MultiBank)
• ModulSeller
• Модульбухгалтерия (ModulBuh)
• Модулькасса (ModulKassa)
• CafeStore

Products and services

• Settlement Account (Расчётный счёт / RKO) Remotely opened business current account for individual entrepreneurs (IP) and limited liability companies (OOO), with multi-currency support and integration with accounting and tax services. Available in four subscription tiers (Starter free, Optimal 690 RUB/month, Unlimited 1,500 RUB/month, Corporate 3,920 RUB/month) and openable online in approximately five minutes via remote document signing.
• Foreign Currency Account & FEA Services Foreign-currency account supporting 13 currencies (USD, EUR, CNY, KZT, and others) with SWIFT transfers, favorable exchange rates (spread from 0.4%), and integrated currency-control processing. Designed for Russian SMBs engaged in import/export and international settlement.
• Business Deposits Term deposits for business customers in rubles (up to 4.5% annually) and Chinese yuan (0.15% annually), with terms starting from 3 days. Includes the ModulBlack-exclusive OverWeekend 3-day deposit at 4% per annum. Minimum placement is 50,000 rubles or 500 yuan.
• Internet Acquiring Online payment acceptance service for SMB merchants with card-processing commissions starting from 1.89% (cloud payments from 1.3%), QR/SBP payments at 0.4-0.7%, instant crediting at +0.2%, no subscription fees, and ready-made integrations for WordPress, OpenCart, Joomla, Drupal, 1C-Bitrix, MODX, WebAsyst ShopScript, UMI.CMS, and Magento.
• Trade (POS) Acquiring POS-terminal rental for physical retail and hospitality, with terminal rental starting from 1 ruble, commissions from 1%, no subscription fees, and next-business-day funds crediting.
• QR Pay (SBP) QR-code payment acceptance via the Russian System of Fast Payments (SBP) with commission from 0.4% regardless of turnover and instant crediting within 15 seconds.
• Green Limit (Зелёный лимит) Service enabling unlimited transfers from a business account to individuals at commissions from 0.75%, where the available limit is built from incoming turnover originating from verified (white-list) counterparties and accumulates over time rather than resetting monthly.
• White Business (Белый бизнес) Compliance Protection Subscription compliance module priced at 990 RUB/month that displays the customer's account-blocking risk level in real time based on 17 criteria, verifies counterparties and employees, and provides online recommendations to prevent account blocking under Russian Federal Law 115-FZ.
• ModulBlack Premium Banking Premium banking subscription at 6,900 RUB/month providing personalized tariffs, a 24/7 personal assistant via messengers, guaranteed protection from 115-FZ blocking, commission discounts up to 10%, individual limits, and access to the OverWeekend 4% deposit.
• Multibank (Мультибанк) Single-interface aggregation service that imports and manages accounts held at other Russian banks (Sberbank, Alfa-Bank, Tochka, Tinkoff, Raiffeisen, Promsvyazbank, Otkritie, VTB, Avangard, UBIR) with automatic sync for major banks and manual upload for others, including automatic counterparty detail import and tax calculation.
• Salary Project (Зарплатный проект) Payroll service with zero commission for salary payments to employee cards at any Russian bank, automatic NDFL (personal income tax) calculation, and bulk-payment execution.
• Business Registration (IP & OOO) Free business-registration service for individual entrepreneurs and limited liability companies without visiting a tax office: preparation of documents, OKVED code selection, electronic-signature issuance, electronic submission within one day, and ready business in seven working days.
• Legal Services for Business Team of lawyers providing comprehensive legal support to business clients starting from 5,650 RUB, from consultations through court representation.
• Currency Control Service Currency-control processing service for foreign economic activity contracts with approximately 30-minute processing, free contract transfer into Modulbank, document verification support, and FEA consultation.
• Corporate MIR Business Card Free MIR-system business card with cashback up to 5% on partner purchases, 10% on Yandex.Direct advertising payments, and up to 5% in special MCC categories. Compatible with Mir Pay for NFC contactless payments on smartphones.
• Business Credit & Credit Line for Sellers Business credit products, including a dedicated credit line for marketplace sellers with special conditions.
• ModulKassa Cloud Cash Register Cloud-based online cash register compliant with Russian 54-FZ legislation, with card acceptance and website payment integration. Available for purchase, rental from 1,600 RUB/month, or free under certain conditions, with delivery across 93 Russian cities.
• CafeStore for Coffee Shops Vertical service for coffee shops offering supplies and equipment at up to 40% savings, combined with Modulbank banking and 0% commission acquiring on coffee products. Operated through cafe.store.
• ModulTaxi IP Registration & Banking Bundle Specialized bundle for taxi drivers providing free IP registration under the patent taxation system, accounting support, and a business account with priority status in Yandex Pro order distribution (10-point priority).
• ModulSeller Ecosystem (Marketplace Seller Bundle) Comprehensive service package for marketplace sellers on Wildberries, Ozon, Yandex Market, and AliExpress combining banking services with certification, photo studio, analytics, expert support, PVZ management, and special tariffs (Seller, Seller PRO, Seller TOP).
• Photo Studio for Marketplaces Photo and video content creation service for marketplace sellers including model photography, product photography, video production, infographics, logos, and rich content. Operates from a Moscow studio with delivery from across Russia and pickup via Ozon and Wildberries points.
• Product Certification & Denial Letters Certification services for marketplace sellers including denial letters (отказные письма), declarations of conformity, and certificates of conformity, with preferential pricing for Seller TOP/PRO tariff holders.
• Market.Metrics (Маркет.Метрика) Analytics Analytics system for marketplace sellers covering sales analysis and product/niche selection.
• Market.Expert (Маркет.Эксперт) Personal Specialist Personal marketplace specialist service for sellers covering product launches, contractor control, and business scaling on marketplaces.
• Marketplace Pickup Point (PVZ) Turnkey Service Turnkey solution for opening and operating Ozon and Wildberries marketplace pickup points.

Quantifiable outcome

• Account opening completed in 5 minutes with remote service
• +5 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration31 records

AI capability1 record

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Yandex (Яндекс)coreGTM or Marketing PartnerPartnership provides up to 10,000 rubles advertising credit for Yandex.Direct and 5% cashback on advertising payments made with Modulbank corporate cards. Includes Yandex.Taxi for taxi driver services and Yandex Market for marketplace integration.
• AliExpress Russia (seller.aliexpress.ru)coreGTM or Marketing PartnerZero commission on first 100 goods sold for Modulbank account holders selling on AliExpress marketplace. Dedicated registration page and promotional support for new sellers.
• AviaSales Business (Авиасейлс для бизнеса)minorGTM or Marketing PartnerUp to 5% cashback on business travel bookings when paying with Modulbank corporate card. MCC codes 7011, 4722, 4511 for hotels, travel agencies, airlines.
• Ostrovok (Островок)minorGTM or Marketing Partner5% cashback on hotel bookings at ostrovok.ru when paying with Modulbank business card.
• Moё Delо (Моё дело)coreGTM or Marketing PartnerFree accounting services for 3 months for new Modulbank clients. Full integration with accounting platform.
• Mir PayTechnology or IntegrationIntegration with Mir Pay for contactless payments with corporate cards. Available for smartphones with NFC technology.
• Delovye Linii (Деловые Линии)minorGTM or Marketing PartnerSpecial delivery rates for Modulbank clients. MCC 4214, 4789 for transportation and courier services.
• ModulkassacoreTechnology or IntegrationCloud-based cash register solution integrated with Modulbank banking. Supports 54-FZ compliance, card payments, and SBP payments. Delivered to 93 Russian cities.
• CafeStoreminorGTM or Marketing PartnerSpecial ecosystem for coffee shops including supplies procurement (up to 40% savings), equipment, and 0% commission acquiring on coffee products.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tinkoff (T-Bank): Largest Russian neobank and the primary domestic competitor. Operates a similar digital-first model with retail and SMB products, ecosystem integrations, and a banking license — directly comparable in target customer and operating geography.
• Tochka Bank: Russian SMB-focused digital bank (a joint venture between Alfa-Bank and VTB). Directly competes with Modulbank in the same SME/ИП segment with similar online onboarding and bundled business services.
• Tide (UK): UK-based SMB-focused digital banking platform offering business current accounts, invoicing, and accounting integrations. Directly comparable business model of serving SMBs with a vertically-integrated, fee-based ecosystem.
• Starling Bank: UK SMB challenger bank with full banking license and digital-first onboarding. Comparable in offering settlement accounts, business lending, and integrated tools (tax, accounting) to small businesses.
• Qonto: European SMB neobank (France/Germany/Spain/Italy) providing business accounts, payment processing, expense management and integrations with accounting software — highly comparable product set targeting freelancers and SMBs.
• Mercury: US digital business banking platform for startups and SMBs offering treasury, payments, and integrations with accounting/HR systems. Comparable product philosophy targeting tech-forward SMBs with an integrated software-plus-banking model.

Broad incumbents

• Revolut Business: Global neobank with a strong SMB offering including multi-currency accounts, acquiring, and expense management. Comparable as a digital-first SMB challenger, though operating at much larger scale and across multiple geographies.
• Brex: US SMB-focused fintech offering corporate cards, business accounts, and expense management. Comparable in serving digitally-native SMBs with integrated financial tools, though operating at much larger scale.

Emerging players

• Wise Business: Multi-currency business account provider with SWIFT/SEPA capability and acquiring for cross-border SMBs. Comparable to Modulbank's VED and multi-currency services, though focused on cross-border rather than domestic SMB banking.

Regional players

• bunq: European neobank operating across multiple EU countries with SMB accounts, multi-currency support, and an app-first model. Comparable challenger-bank positioning, though focused on retail and SMB within the EU regulatory perimeter.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/modulbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modulbank