ModernFi empowers banks of all sizes to better serve their communities. Through ModernFi’s deposit marketplace, banks can source funding on demand or sweep excess deposits to earn potential revenue. Founded by a team of veteran engineers and bankers, the firm's technology provides banks with seamless balance sheet management built on a foundation of compliance and regulatory adherence. ModernFi is backed by Andreessen Horowitz and industry leaders across tech, finance, and government.
Location: United States, New York
Employees: 11-50
Total raised: $23.2M
Founded date: 2022
Investors 3
| Date | Name | Website |
| 12.03.2023 | Remarkable... | remarkable... |
| 01.03.2023 | a16z | a16z.com/ |
| - | Entreprene... | muratak.co... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 24.01.2024 | Series A | $18.7M | - |
| 15.02.2023 | Seed | $4.5M | - |
Mentions in press and media 8
| Date | Title | Description | Source |
| 24.01.2024 | Fintech ModernFi Reportedly Secures $18.7M to Bring Tech-For... | The ModernFi team is pleased to announce that it has raised an additional $18.7 million in funding t... | crowdfundi... |
| 23.01.2024 | ModernFi Raises $18.7M in Series A Funding | ModernFi, NYC-based company providing a deposit network for banks, raised $18.7M in Series A funding... | finsmes.co... |
| 23.01.2024 | ModernFi secures $18.7M to help banks grow their deposit bas... | A lot has happened in banking over the past year, including the Silicon Valley Bank collapse, and th... | techcrunch... |
| 15.02.2023 | ModernFi Raises $4.5 Million In Seed Funding As Banks Embrac... | ModernFi, which operates the first tech-enabled marketplace that allows banks to exchange deposits o... | aithority.... |
| 15.02.2023 | Deposit marketplace for banks ModernFi raises $4.5m | Andreessen Horowitz has led a $4.5 million seed funding round for ModernFi, a marketplace that allow... | finextra.c... |
| 14.02.2023 | ModernFi Raises $4.5M in Seed Funding | ModernFi, a New York-based tech-enabled marketplace that allows banks to exchange deposits on demand... | finsmes.co... |
| 14.02.2023 | Andreessen Horowitz backs ModernFi’s deposit marketplace for... | Banks aren’t letting fintechs have all the fun when it comes to using technology, providing an openi... | techcrunch... |
| - | ModernFi | “The modern deposit marketplace for banks.” | fastfounde... |