ModernFi
Founded Year
2022Stage
Series B - II | AliveTotal Raised
$58.3MLast Raised
$30M | 4 mos agoAbout ModernFi
ModernFi specializes in deposit network services and balance sheet management for the financial sector. It offers products that enable banks and credit unions to attract large-value depositors, manage liquidity, extend deposit insurance, and improve financial stability. It serves financial institutions such as banks and credit unions. It was founded in 2022 and is based in New York, New York.
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ESPs containing ModernFi
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The wealth management banking & lending platforms market provides the infrastructure through which wealth managers, independent broker-dealers, RIA aggregators, and financial advisors can provide high-net-worth clients access to specialized banking and lending products from a curated list of partner banks via API integration. These can include high-yield cash management accounts, securities-based …
ModernFi named as Outperformer among 7 other companies, including MaxMyInterest, Supernova Technology, and Sharegain.
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Research containing ModernFi
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned ModernFi in 2 CB Insights research briefs, most recently on Oct 23, 2025.
Oct 23, 2025 report
Fintech 100: The most promising fintech startups of 2025
Oct 23, 2025 report
Book of Scouting Reports: 2025’s Fintech 100Expert Collections containing ModernFi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ModernFi is included in 4 Expert Collections, including Digital Lending.
Digital Lending
2,538 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
937 items
Fintech 100
100 items
Latest ModernFi News
Oct 6, 2025
Photo: Adobe Stock October 6, 2025 ModernFi, a deposit management company, appointed Rodney Hood to its board. He previously served as the Comptroller of the Currency from February to June 2025, according to a press release. "I have spent my career working to strengthen the resiliency of the financial system, promoting financial inclusion and access, and ensuring institutions of all sizes have the tools to serve their communities," Hood said in the release. "It is a pleasure to rejoin the ModernFi Board, as the firm is focused on a similar mission – ensuring community financial institutions can continue to compete, grow, and thrive. It's been wonderful to watch ModernFi's rapid adoption by hundreds of institutions, and I look forward to providing oversight and contributing my expertise." Hood also served as the director of the Federal Deposit Insurance Corp. "The breadth of Rodney's regulatory experience is unmatched. We are thrilled to welcome Rodney back to the team," Paolo Bertolotti, co-founder and CEO of ModernFi, said in the release. "As ModernFi scales and becomes critical infrastructure for the institutions we serve, his experience and expertise will help ensure that we not only deliver innovative and impactful solutions, but do so with the highest standards of compliance, governance, and safety."
ModernFi Frequently Asked Questions (FAQ)
When was ModernFi founded?
ModernFi was founded in 2022.
Where is ModernFi's headquarters?
ModernFi's headquarters is located at 27 West 24th Street, New York.
What is ModernFi's latest funding round?
ModernFi's latest funding round is Series B - II.
How much did ModernFi raise?
ModernFi raised a total of $58.3M.
Who are the investors of ModernFi?
Investors of ModernFi include Andreessen Horowitz, Remarkable Ventures, Canapi, Curql, Intercontinental Exchange and 18 more.
Who are ModernFi's competitors?
Competitors of ModernFi include IntraFi.
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Compare ModernFi to Competitors
Cennox offers managed service solutions focused on technology, security, and facility transformation across various sectors. The company provides services such as technology installation, security integration, and facility transformation. Cennox serves the banking and retail sectors, including services like ATM deployment, security infrastructure updates, and retail store redesign. It was founded in 2006 and is based in Surrey, England.
MaxMyInterest operates in the financial technology sector. The company provides services that connect existing bank accounts to higher-yielding online savings accounts while ensuring FDIC insurance coverage. MaxMyInterest serves individual investors and financial advisors. It was founded in 2013 and is based in New York, New York.
Banque Fédérative du Crédit Mutuel is a financial services company that provides consumer credit, leasing, and IT services. It was founded in 1992 and is based in Strasbourg, France.
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Bronco Federal Credit Union is a financial services institution that operates within the credit union sector. The company provides a range of financial products and services including savings accounts, checking accounts, investment accounts, and various types of loans such as vehicle loans, mortgage loans, personal loans, credit cards, and business banking solutions. Bronco Federal Credit Union serves individual consumers and businesses. It was founded in 1941 and is based in Franklin, Virginia.
Treasury Suite is a technology firm specializing in treasury and cash management solutions within the financial services industry. The company offers a cloud-based management platform that provides tools for cash forecasting, liquidity management, and financial analytics. Treasury Suite primarily serves organizations focused on improving their treasury operations and financial decision-making processes. It was founded in 2008 and is based in Salt Lake City, Utah.
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