Insights

Deposit Growth ModernFi enables financial institutions to sweep and source deposits through its network, presenting a direct path to helping banks and credit unions attract large-value depositors and strengthen balance sheets.

Strategic Partnerships Backed by top-tier investors and major banks, ModernFi signals strong credibility and potential co-selling or joint go-to-market opportunities with partner banks and fintech investors to scale deployments.

Regulatory Readiness Recent hires in regulatory affairs and governance leadership indicate a focus on compliance and risk management, making ModernFi a suitable partner for institutions seeking regulated, enterprise-grade deposit technology.

Expanding Platform Upcoming Admin Portal upgrade for the NBID network and ongoing product enhancements suggest opportunities to upsell advanced admin, analytics, and deployment features to existing network clients.

Market Positioning As a specialized deposit management technology provider with a growing revenue base, ModernFi presents a compelling value prop for mid to large-sized banks and credit unions looking to differentiate through deposit stability and security.

Similar companies to ModernFi

ModernFi Tech Stack

ModernFi uses 8 technology products and services including Microsoft Advertising, Fullstory, iCIMS, and more. Explore ModernFi's tech stack below.

Media & News

ModernFi's Email Address Formats

ModernFi uses at least 3 email formats:
ModernFi Email FormatsExamplePercentage
First@modernfi.comJohn@modernfi.com
92%
First.Last@modernfi.comJohn.Doe@modernfi.com
5%
FLast@modernfi.comJDoe@modernfi.com
3%

Frequently Asked Questions

What is ModernFi's official website and social media links?

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ModernFi's official website is modernfi.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does ModernFi generate?

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As of August 2026, ModernFi's annual revenue is estimated to be $50M - $100M.

What is ModernFi's NAICS code?

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ModernFi's NAICS code is 52 - Finance and Insurance.

How many employees does ModernFi have currently?

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As of August 2026, ModernFi has approximately 54 employees across 2 continents, including North America and Europe. Key team members include Chief Business Officer: M. M., Chief Compliance Officer And Founding Team: B. J. and Vice President Of Sales: T. S. Explore ModernFi's employee directory with LeadIQ.

What industry does ModernFi belong to?

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ModernFi operates in the Financial Services industry.

What technology does ModernFi use?

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ModernFi's tech stack includes Microsoft Advertising, Fullstory, iCIMS, Amazon Web Services, Prometheus, PostgreSQL, Google Workspace and DocuSign.

What is ModernFi's email format?

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ModernFi's email format typically follows the pattern of First@modernfi.com. Find more ModernFi email formats with LeadIQ.

How much funding has ModernFi raised to date?

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As of August 2026, ModernFi has raised $87M in funding. The last funding round occurred on Sep 03, 2025 for $30M.

When was ModernFi founded?

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ModernFi was founded in 2022.
ModernFi logo

ModernFi

Financial ServicesNew York, United States51-200 Employees

ModernFi is a financial services company based in New York, New York, that provides a deposit management platform to banks and credit unions. Its core offering centers on a deposit network that enables sweep activity, source deposits, and enhanced security for depositors, with the aim of attracting high-value depositors and improving balance sheet stability for financial institutions of varying sizes. The business serves banks and credit unions as its primary customers, addressing needs related to growth, retention, and broader deposit management. Positioned within the financial technology space, ModernFi operates as a technology provider rather than a traditional depository institution, and it includes affiliated entities such as ModernFi Deposit Services LLC, ModernFi CUSO LLC, and NBID LLC. The company is backed by notable investors and strategic partners, and recent developments include leadership appointments and strategic hires at the executive and board levels.

Section iconCompany Overview

NAICS Code
52 - Finance and Insurance
Founded
2022
Employees
51-200

Section iconFunding & Financials

  • $87M

    ModernFi has raised a total of $87M of funding over 6 rounds. Their latest funding round was raised on Sep 03, 2025 in the amount of $30M as a Series B.

  • $50M - $100M

    ModernFi's revenue is estimated to be in the range of $50M - $100M

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