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
Employees: 11-50
Total raised: $53.2M
Founded date: 2022
Investors 3
| Date | Name | Website |
| 12.03.2023 | Remarkable... | remarkable... |
| 01.03.2023 | a16z | a16z.com/ |
| - | Entreprene... | muratak.co... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 12.09.2025 | Series B | $30M | Curql |
| 24.01.2024 | Series A | $18.7M | - |
| 15.02.2023 | Seed | $4.5M | - |
Mentions in press and media 15
| Date | Title | Description |
| 12.09.2025 | ModernFi: $30 Million Series B Raised For Reinforcing Deposit Stability | ModernFi has secured $30 million in Series B funding to expand its deposit management infrastructure for community and regional financial institutions. The round was led by Canapi Ventures and included participation from Andreessen Horowitz... |
| 07.09.2025 | ModernFi Fuels Banking Resilience with $30M Investment for Deposit Technology | ModernFi, a leader in deposit management technology, secured $30M in Series B funding. Total investment now exceeds $60M. This capital will accelerate adoption across financial institutions. It will also expand ModernFi's team and deepen in... |
| 03.09.2025 | ModernFi Raises $30M in Series B Funding | ModernFi, a NYC-based technology provider for deposit management, raised $30M in Series B funding. The round was led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, and new investor Intercontinen... |
| 03.09.2025 | ModernFi: $30 Million Series B Raised For Deposit Management Technology | ModernFi, a leader in innovative deposit management technology, announced that it has secured $30 million in Series B funding. This round was led by Canapi Ventures, with participation from notable investors such as Andreessen Horowitz, Cur... |
| 08.08.2025 | Credit Unions Drive Fintech Revolution with Historic $360M Fund | Curql Fund II closed at $360 million, marking the largest fintech fundraise in credit union history. Over 160 credit unions pooled capital, driving unprecedented financial innovation. This milestone elevates Curql's assets under management ... |
| 06.08.2025 | Largest Fintech Fund in Credit Union Industry History, Curql Fund II, Closes with $360 Million | Curql’s $360M Fund II ranks among the top 25 U.S. venture capital fundraises in early 2025, signaling credit unions’ growing power in fintech innovation DES MOINES, Iowa–(BUSINESS WIRE)–August 6, 2025– Curql, a collective of 160+ credit uni... |
| 24.01.2024 | Fintech ModernFi Reportedly Secures $18.7M to Bring Tech-Forward Platform to Banks | The ModernFi team is pleased to announce that it has raised an additional $18.7 million in funding to bring its tech-forward platform “to community and regional banks to help them grow, retain, and manage their deposits.” Led by Canapi Vent... |
| 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. The round, which brought the total amount to $23M, was led by Canapi Ventures, with participation from Andreessen Horowitz, Remarkable Ven... |
| 23.01.2024 | ModernFi secures $18.7M to help banks grow their deposit base | A lot has happened in banking over the past year, including the Silicon Valley Bank collapse, and that’s enabled companies like ModernFi to step in and provide other solutions. The company provides community and regional banks with end-to-e... |
| 15.02.2023 | ModernFi Raises $4.5 Million In Seed Funding As Banks Embrace Software To Source Deposits And Manage Balance Sheets | ModernFi, which operates the first tech-enabled marketplace that allows banks to exchange deposits on demand, announced that it has raised $4.5 million in seed funding. The round was led by Andreessen Horowitz with participation from indust... |
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