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ModernFi Raises 4 Million

Andreessen Horowitz leads round, supporting rapid adoption of the first tech-forward deposit marketplace for banks.

ModernFi, which operates the first tech-enabled marketplace that allows banks to exchange deposits on demand, announced today that it has raised $4.5 million in seed funding. The round was led by Andreessen Horowitz with participation from executives and founders from JPMorgan Chase, AWS, Coinbase, Q2, and BlackRock.