# ModernFi

**Source:** https://www.startuphub.ai/startups/modernfi
**Profile type:** Startup

> ModernFi is a fintech company that provides a platform for managing and optimizing deposits for financial institutions.

## About

ModernFi provides a technology platform for banks and credit unions to grow core deposits and relationships, source funding on demand, and manage their balance sheets. Their integrated suite of deposit products, including the Deposit Network, helps institutions attract and retain large-value depositors by offering millions in aggregate insurance across network institutions. ModernFi serves financial institutions of all sizes, including regional banks, credit unions, and community institutions.

## Key facts

- **Slug:** modernfi
- **Website:** https://www.modernfi.com/
- **Location:** New York, United States
- **Founded:** 2021-01-01
- **Employees:** 51
- **Operating status:** Active
- **Total funding:** $58M
- **Sectors / tags:** Fintech, Embedded Finance, Payments, Deposit Management, Financial Services Technology, Banking Technology, B2B SaaS
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/modernfi

## Frequently asked

### What does ModernFi do?

ModernFi provides a technology platform for banks and credit unions to grow core deposits and relationships, source funding on demand, and manage their balance sheets. Their integrated suite of deposit products, including the Deposit Network, helps institutions attract and retain large-value depositors by offering millions in aggregate insurance across network institutions. ModernFi serves financial institutions of all sizes, including regional banks, credit unions, and community institutions.

### What is ModernFi's revenue?

StartupHub estimates ModernFi's annual revenue at $15.2M (range $12.4M to $17.5M, 63% confidence), based on comparable companies in the sector.

### What is ModernFi's valuation?

StartupHub estimates ModernFi's effective valuation at $234.0M (range $145.5M to $349.2M, 15% confidence), based on comparable companies in the sector.

### How much funding has ModernFi raised?

ModernFi has raised a total of $58M in funding.

### Where is ModernFi headquartered?

ModernFi is headquartered in New York, United States.

### When was ModernFi founded?

ModernFi was founded in 2021.

### What industry does ModernFi operate in?

ModernFi operates in Fintech, Embedded Finance, Payments, Deposit Management, Financial Services Technology, Banking Technology.

### How many employees does ModernFi have?

ModernFi has approximately 51 people on record.

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