How much funding has ModernFi raised?

ModernFi has raised $4.5M in total funding, most recently a Seed round.

Who are ModernFi's investors?

ModernFi's investors include Andreessen Horowitz.

Where is ModernFi headquartered?

ModernFi is headquartered in New York.

ModernFi

Intelligent infrastructure for U.S. financial institutions

New York · Founded 2022 · $4.5M raised

Fintech

Headquarters: New York
Employees: 11–50
Founded: 2022
Business Model: B2B

Website: modernfi.com
Total Funding: $4.5M
Last Round: $4.5M SeedJun 2022
Rounds: 1

About

ModernFi operates institution-owned deposit networks that help U.S. financial institutions provide reciprocal deposit insurance, optimize funding, and improve profitability. Trusted by over 761 member institutions managing $2.8 trillion in deposits across all 50 states, ModernFi serves banks through NBID and credit unions through its CUSO, giving members preferential pricing, profit share, and governance oversight modeled on infrastructure networks like Visa and DTCC.

Summary

ModernFi is a Fintech company based in New York, founded in 2022. It has raised $4.5M in total across 1 round, most recently a $4.5M Seed round in Jun 2022. Investors include Andreessen Horowitz.