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End-to-end deposit management for banks1-10 Employees
  • Early Stage
    Startup in initial stages
  • Top Investors
    This company has received a significant amount of investment from top investors
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End-to-end deposit management for banks
We empower banks of all sizes so that they can better serve their communities.

ModernFi provides end-to-end deposit management to banks, helping institutions understand deposit stability, manage balance sheet size, and source funding on demand. Through powerful deposit analytics, the firm helps bank improve their stability and reduce risk. By providing liquidity on demand, the firm helps banks extend loans and mortgages to their customers. By providing an outlet for excess deposits, the firm helps banks manage their balance sheet size and provide insured, interest-bearing accounts to their clients.

Banks, especially community and regional institutions, are pillars in their local communities, extending credit to folks that want to buy a house or get a car, as well as providing a safe place for people to keep their life savings. ModernFi's mission is to help its partner banks increase their stability and operational efficiency, allowing them to better serve their clients and communities. ModernFi currently works with banks ranging in size from several hundred million to over one hundred billion in assets.

We are fortunate to be backed by Andreessen Horowitz, and our strategic partners include industry leaders across tech, finance, and government.
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Adam DeVita
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Paolo Bertolotti
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Making markets @ModernFi. Prev PhD @MIT, quant @AQRCapital, engineering @Columbia
Valuation

$0

Funded over

1 round

Latest round

Seed (Feb 2023)

Premium health, dental, and vision insurance

Meaningful and significant equity package

Unlimited pto

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