ModernFi

ModernFi is a finance startup founded in 2022, aiming to revolutionize deposit management for financial institutions. The company's slogan, "End-to-end deposit management for financial institutions," reflects its core mission. ModernFi offers solutions to help banks and credit unions grow, retain, and manage their deposits effectively. The innovative deposit network provided by ModernFi enables financial institutions to sweep funds, source deposits, and enhance security for depositors, driving growth and increasing balance sheet stability. The company's recent milestone includes a significant $18.70M Series A investment on 23 January 2024, showing strong support and confidence from prominent investors. Notable backers include Canapi Ventures, Andreessen Horowitz/a16z, Remarkable Ventures, as well as leading banks such as Regions Bank, Huntington National Bank, and First Horizon. This backing not only serves as a testament to ModernFi's potential but also provides a solid foundation for further growth and development. Operating within the finance, financial services, and banking sectors, ModernFi holds a strong position in the heart of the United States. With its innovative approach and strong financial backing, ModernFi is poised to make significant waves in the financial industry, catering to the evolving needs of modern financial institutions.