# ModernFi Deposit Services LLC.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modernfi-deposit-services

- Industry: Software
- Headquarters: New York, US
- Website: www.modernfi.com/
- Total disclosed funding: $50M
- Latest round: Series B (Jun 27, 2025)
- Investors on record: 8

## About

Based in New York, US, and founded in 2022, ModernFi, Inc operates as a software-based company that offers financial management platform. The company was Co-founded by its CEO Paolo Bertolotti and others. In July 2024, ModernFi Deposit Services LLC. raised USD 4.99 million in series A funding from unspecified investors. In June 2025, ModernFi Deposit Services LLC. raised USD 29.13 in series B funding led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, Intercontinental Exchange, Inc.

The company offers various services to banks, provides a platform that helps them source funding on demand, and gives out excess deposits to generate revenue. It provides balance sheet management services and helps banks to increase their operational efficiency. 

The company plans to utilize the September 2025 funding for deposit infrastructure integration system expansion, financial institution adoption support platform setup, and digital banking provider connection deployment.

## Funding rounds

- Series B, Jun 27, 2025, $29M — Andreessen Horowitz, Intercontinental Exchange, Inc., Canapi Ventures, Curql, Remarkable Ventures
- Series A, Jul 27, 2023, $17M — Huntington, Andreessen Horowitz, Regions Bank, First Horizon Bank, Canapi Ventures, Remarkable Ventures
- Seed, May 24, 2022, $4.5M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B
- Huntington — Series A
- Regions Bank — Series A
- First Horizon Bank — Series A
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A, Series B
- Remarkable Ventures (https://capitalatlas.ai/funds/remarkable-ventures) — Series A, Series B
- Intercontinental Exchange, Inc. — Series B
- Curql (https://capitalatlas.ai/funds/curql) — Series B