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.

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