ModernFi
New York, US · Founded 2022 · Delaware corporation · 54 employees on LinkedIn · 6 known investors
Find your way into ModernFi
ModernFi operates a member-owned deposits network and reciprocal deposits platform that enables community and regional financial institutions to compete with larger banks. The company provides infrastructure, technology, and services to help institutions of all sizes serve businesses, public funds, nonprofits, and families.
Founders & leadership
ModernFi was founded in 2022 by Adam DeVita and Paolo Bertolotti.
Board
NU
Investors · 6
Andreessen HorowitzMenlo Park · $500K – $50M
Canapi VenturesNew York
Curql Collective, LLCDes Moines
Entrepreneurs Roundtable Accelerator (ERA)New York · $100K – $2M
Remarkable VenturesNew York
Also in the syndicate · 1
Curql
Reported raises · per SEC filings
Form D private placements$38.6M disclosed across 3 rounds · 2022–2025
▶$29.1MraisedJul 2025 · 5 investors · OtherRule 506(b)
▶$29.1MraisedJul 2025 · 5 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Paolo BertolottiExecutive Officer, Director
- Adam DeVitaExecutive Officer, Director
- Neil UnderwoodDirector
- Offering amount
- $30M
- Amount sold
- $29.1M
- First sale
- Jun 2025
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$5MraisedAug 2024 · 4 investors · OtherRule 506(b)
▶$5MraisedAug 2024 · 4 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Neil UnderwoodDirector
- Adam DeVitaExecutive Officer, Director
- Paolo BertolottiExecutive Officer, Director
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Jul 2024
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$4.5MraisedSep 2022 · 11 investors · OtherRule 506(b)
▶$4.5MraisedSep 2022 · 11 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Paolo BertolottiExecutive Officer, Director
- Adam DeVitaExecutive Officer, Director
- Offering amount
- $4.5M
- Amount sold
- $4.5M
- First sale
- May 2022
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlap
Intrafi Network132 shared keywordsIntraFi operates a network of more than 3,000 U.S. financial institutions, offering patented deposit services—including reciprocal deposits—that help banks manage liquidity, fund loans, and strengthen customer relationships. It serves banks and other financial institutions across the United States in the fintech and banking-technology sector.
SyntheticFi77 shared keywordsSyntheticFi provides securities-backed lending solutions to financial advisors and their clients, offering institutional-grade liquidity through structured products like box spreads. The company serves high-net-worth individuals and financial advisors seeking lower-cost borrowing alternatives to traditional mortgages and loans.
EverFi63 shared keywordsEverFi builds educational programs and training solutions that serve schools and companies, helping them make education accessible across grade school through executive levels.
Koalafi62 shared keywordsKoalafi provides point-of-sale financing for merchants, offering Lease-to-Own and lending solutions (with loans issued by The Bank of Missouri) so retailers can extend pay-over-time options to non-prime consumers. It handles consumer credit risk, pays merchants after delivery, and offers approval amounts up to $7,500 in the U.S.
Companies competing with ModernFi for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does ModernFi do?
- ModernFi operates a member-owned deposits network and reciprocal deposits platform that enables community and regional financial institutions to compete with larger banks. The company provides infrastructure, technology, and services to help institutions of all sizes serve businesses, public funds, nonprofits, and families.
- Who founded ModernFi?
- ModernFi was founded by Adam DeVita, Paolo Bertolotti in 2022.
- Who are ModernFi's investors?
- ModernFi's investors include Andreessen Horowitz, Canapi Ventures, Curql Collective, LLC, Entrepreneurs Roundtable Accelerator (ERA), Remarkable Ventures.
- How much funding has ModernFi raised?
- ModernFi has disclosed $38.6M raised across 3 rounds.
- Where is ModernFi headquartered?
- ModernFi is headquartered in New York, US.