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UK fintech Modulr, backed by PayPal, has announced its first full-year net profit, marking a significant turnaround from a £11m pre-tax loss in 2024. The company, which processes over 200 million transactions valued at £180bn annually, plans to expand its operations in the US and invest in product development without current fundraising plans. Modulr previously raised £83m in 2022 led by General Atlantic and others.