CareLineLive, LexisNexis Risk Solutions and Modulr Secure Tech Deals

Three firms prosper in the areas of home care, lending and crypto.

Tech companies CareLineLive, LexisNexis Risk Solutions and Modulr have all picked up separate deals. 

Sunlight Care Group, a home care group with operations in Newham and Redbridge, and a residential care home in Nottingham, has selected CareLineLive to digitise its home care management processes and record-keeping.

Manchester-based peer-to-peer lender Assetz Capital has turned to LexisNexis Risk Solutions and its RiskNarrative platform.

Spanish cryptocurrency app Nebeus has chosen Modulr’s embedded payments platform to augment its offering with accounts, real-time payments and Visa cards.

Sunlight and Slinfold

CareLineLive is based in Slinfold, West Sussex. It explains that Sunlight needed a new management system that could integrate with The Access Group’s care management software CM (previously CM2000).

The software firm says only 35-40% of Sunlight’s staff were using its previous system, while 70% of staff are now using CareLineLive, “almost doubling compliance within the business”.

Ali Sharif, Director of Operations, Sunlight Care Group, comments: “Using CareLineLive makes our lives a lot easier. Our old system was a lot more manual. However, with CareLineLive, our processes are automated and it has reduced our workload.”

CareLineLive was founded in 2014 by Josh Hough “after being frustrated at the lack of access to his grandfather’s care”. The company works with home care agencies and offers a cloud-based home care management system. The tech firm operates in UK, Ireland, Jersey and Australia.

A Narrative on RiskNarrative 

LexisNexis Risk Solutions says its platform uses automation, AI and machine learning to provide a financial crime lifecycle management solution.

Oliver Ward, Group Head of Change & Lending Operations at Assetz Capital, says: “Since deploying the platform, we have seen fantastic operational and productivity improvements with reductions in the time taken to complete KYC and AML checks, thereby reducing the time from application to fund, for our customers.”

The official announcement doesn’t mention TruNarrative, which provides the RiskNarrative platform, despite the news being on the TruNarrative website.

TruNarrative is a LexisNexis Risk Solutions company and was featured in our ‘Tech Companies in Leeds to Watch’ here.

Last month, Recognise Bank, a business lender and savings provider, turned to TruNarrative to revamp the onboarding process for its SME business lending customers.

Modulr Benefits in Barcelona

London-based Modulr says the deal makes Nebeus one of the first European companies to use its card issuing solution across the UK and Europe.

Based in Barcelona, Nebeus 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 is connected to Modulr accounts and embedded payment features like Direct Debit, Faster Payments and SEPA Instant. The partnership with Modulr will enable Nebeus to issue branded virtual and physical cards.

Modulr works with 200+ clients and says it is now processing an annualised transaction value of more than £100 billion. Customers include Revolut, Sage, Wagestream and BrightPay.

The fintech firm is backed by PayPal Ventures, FIS Ventures, General Atlantic, Blenheim Chalcot, Frog Capital and Highland Europe. Modulr bagged $108 million (£83 million) in Series C funding in May. It has now raised £150 million in total.

All that success does come with more attention. The reviews of Modulr on Google and Trustpilot (about 30 in total) give low scores and are a slight concern. Some individual users complain of being scammed by an account using Modulr’s services or mention issues around slow onboarding.

A Modulr spokesperson tells eWeek UK: “We want to reassure readers that we take a zero tolerance approach to fraud and comply with our regulatory obligations. We urge everyone to flag fraudulent account activity to their payment providers so that they can close the accounts, attempt to recover funds and close the net on criminals. With regards to the Trustpilot reviews, we’re aware of a few customers, through our partners, who received an onboarding experience that took longer than usual. We’ve taken this feedback on board and we continue to invest in our technology, capacity and capability to ensure Modulr keeps growing in a safe and sustainable way.”

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.

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