# Myles Stephenson

> Myles Stephenson is the founder and CEO of Modulr, a business payments automation company launched to market in 2016. He previously founded CorporatePay, sold to Wright Express in 2012, and became managing director of WEX Europe. An Oxford biochemistry graduate based in the Greater Edinburgh area, he has built his career around making payments easier to integrate into business operations.

- **Role:** Founder and CEO at Modulr
- **Organizations:** Modulr, CorporatePay, WEX Europe, Retail Decisions, Marks & Spencer
- **Education:** MA in Biochemistry, Christ Church, University of Oxford
- **Known for:** Founded CorporatePay in 2008 and sold it to Wright Express in 2012. The buyer announced approximately £17 million net of cash assumed, plus a potential earn-out of up to £5.5 million., Founded Modulr and launched it to market in 2016., Led Modulr through its first full year of net profit in 2025, as reported in his February 2026 essay.

## Career timeline

- **1990-1994** — Studied at the University of Oxford; speaker biography identifies an MA in Biochemistry from Christ Church.
- **Before 2008** — Joined Marks & Spencer through its graduate programme, then worked at Retail Decisions on product development, partnerships and acquisitions.
- **2008** — Founded CorporatePay with backing from Blenheim Chalcot.
- **2012** — CorporatePay was acquired by Wright Express, now WEX; subsequently became managing director of WEX Europe.
- **2016** — Launched Modulr to market with Blenheim Chalcot backing.
- **2019** — Modulr became a direct participant in Faster Payments.
- **2025** — Modulr achieved full-year net profit, according to Stephenson’s February 2026 anniversary essay.
- **2026** — Modulr announced its US launch with FIS in January, direct CHAPS participation in August, and its Cogent Bank partnership in September.

## Achievements

- Founded CorporatePay in 2008 and sold it to Wright Express in 2012. The buyer announced approximately £17 million net of cash assumed, plus a potential earn-out of up to £5.5 million.
- Founded Modulr and launched it to market in 2016.
- Led Modulr through its first full year of net profit in 2025, as reported in his February 2026 essay.
- Modulr reported more than £180 billion of annualised payment value, over 200 million annualised transactions and more than 6,000 business customers in August 2026.

## Latest updates

- **2026-09** — On 23 September, Modulr announced a strategic partnership with Cogent Bank to expand its US payments offering.
- **2026-08** — On 19 August, Modulr announced direct CHAPS participation, settling directly at the Bank of England.
- **2026-08** — On 10 August, Modulr announced selection for the first cohort of the FCA Scale-up Unit for solo-regulated firms.
- **2026-07** — Stephenson described European expansion and the appointments of Jakub Zmuda as managing director for Europe and Mark Buitenhek as independent supervisory board chair.
- **2026-02** — In his tenth-anniversary essay, Stephenson reported full-year net profitability for 2025.
- **2026-01** — On 7 January, Modulr announced its US launch through a partnership with FIS.

## Links

- Website: https://www.modulrfinance.com/
- LinkedIn: https://uk.linkedin.com/in/mylescstephenson

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Profile page: https://yespress.io/myles-stephenson
Published by YesPress — https://yespress.io
Last updated: 2026-10-21