Scroll Finance (Scroll), a next-generation fintech providing smart financing solutions to homeowners, has today announced that Modulr, the embedded payments platform, will power its underlying payments infrastructure.  
 
The partnership will enable Scroll to accelerate its mission to disrupt the homeowner financing sector in the UK. Scroll aims to bring the flexibility, speed and convenience of unsecured lending to homeowner financing. Through its home equity loan and home equity line of credit (HELOC) products, Scroll enables UK homeowners to unlock equity in their homes to fund home improvement, green upgrades, debt consolidation and investment property purchases. Its unique solution delivers a real-time decision and funding within a few days compared to the several weeks process for traditional lenders. 
 
Scroll has built a proprietary lending platform which orchestrates best-in-class technological solutions with deep and data-rich third-party integrations. Scroll’s cloud-native architecture ensures an intuitive and responsive journey for its customers and brokers. Scroll’s innovative platform automates underwriting, legal and payment processes, ensuring the customer can make the critical decisions to go ahead with a home improvement or a property purchase knowing financing is secured. 
 
Modulr, which provides the payments infrastructure to iwoca, Revolut and Sage, has a thorough understanding of embedded payment requirements for digital businesses. The embedded payments platform has long targeted the hidden inefficiencies within the UK’s payments infrastructure and has been offering businesses like Scroll a digital alternative to costly and ill-equipped payment services from a bank since its inception in 2016. Specifically, Modulr provides Scroll with GBP account infrastructure and Direct Debit functionality to collect repayments from customers. 
 
Both companies are products of the fintech revolution and their partnership is a good example of how UK businesses can deliver greater value to consumers by partnering with financial technology companies like Modulr to boost efficiency.  

Ashish Kashyap CEO and Co-Founder of Scroll, comments, “Modulr is a key component in our efforts to build a fast, flexible and convenient financing platform for homeowners. Given the circularity of payment flows over the life of a loan, it makes perfect sense to have one provider covering money in and money out both here and overseas.” 

Myles Stephenson, CEO and founder of Modulr, comments, “Modulr exists to enable innovation and growth by making money flow more efficiently through businesses and the economy. So, no matter the industry, we're striving to support both consumers and businesses navigate today’s economic crises in the way we know-how. By partnering with Scroll, we’re able to drive infrastructural efficiency in the homeownership financing market, giving Scroll and their customers full control over the speed, convenience, and flexibility of unsecured lending to homeowner financing.”