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.

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.

Fintech

Founders & leadership

ModernFi was founded in 2022 by Adam DeVita and Paolo Bertolotti.

Adam DeVitaFounder and COO

Paolo BertolottiCEO and Founder

Board

Neil Underwood Board MemberGeneral Partner at Canapi Ventures

Investors · 6

Andreessen Horowitzlisted by Andreessen HorowitzMenlo Park · $500K – $50M

How we know: a16z's portfolio · a partner's Signal profile · funding news · x.com · Not right? Tell us

Canapi Ventureslisted by Canapi VenturesNew York

How we know: Canapi Ventures's portfolio page · funding news · x.com · Not right? Tell us

Curql Collective, LLClisted by Curql Collective, LLCDes Moines

How we know: Curql Collective, LLC's portfolio page · Not right? Tell us

Entrepreneurs Roundtable Accelerator (ERA)listed by Entrepreneurs Roundtable Accelerator (ERA)New York · $100K – $2M

How we know: the VCSheet dataset · Not right? Tell us

Remarkable Ventureslisted by Remarkable VenturesNew York

How we know: Remarkable Ventures's portfolio page · funding news · x.com · Not right? Tell us

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 · 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

Full filing on SEC EDGAR ↗

▶$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

Full filing on SEC EDGAR ↗

▶$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

Full filing on SEC EDGAR ↗

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.

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.