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ABA: The American Bankers Association
Industry News
  • January 22, 2024

ModernFi Raises .7M to Power Deposit Growth at Community and Regional Banks

Led by Canapi Ventures, round accelerates mission to bring end-to-end deposit management to financial institutions of all sizes, helping them thrive in a fast-changing banking environment.

ModernFi announced today that it has closed a $18.7 million Series A funding round to bring its tech-forward platform to community and regional banks to help them grow, retain, and manage their deposits. Led by Canapi Ventures, the Series A also had participation from Andreessen Horowitz, Remarkable Ventures, and leading banks Huntington National Bank, First Horizon, and Regions. This round adds to a $4.5M seed round led by Andreessen Horowitz, bringing the company's total raised to over $23M to date.

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ModernFi

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