ModernFi

We were founded in 2022 to help financial institutions, including banks and credit unions of all sizes, manage and grow their deposits. – Our Deposit Network lets institutions offer depositors access to millions in aggregate insurance across our network. It also helps them source overnight funding and manage their balance sheets. The Deposit Network helps attract and keep large-value depositors while streamlining operations through our software and integrations. – We also provide Prospect Finder, a data tool that identifies new customer and member opportunities among businesses, nonprofits, public funds, and large-balance individuals. Additionally, our Term Funding software helps institutions source stable, efficient term funding, offering insights into market pricing for brokered CDs and assisting with order fulfillment. – Our network includes over 500 institutions. We are backed by Canapi Ventures, Andreessen Horowitz, Remarkable Ventures, Huntington National Bank, First Horizon, and Regions. According to FFIEC Call Reports, financial institutions that used sweep and reciprocal deposits saw 12% stronger deposit growth in 2023 and 2024 compared to those that did not.

Our mission is to empower financial institutions with technology. We aim to strengthen U.S. financial institutions and the communities they serve, helping local banks and credit unions prosper, better serve their communities, and grow in a competitive market. – Our core values are: * Performance: We are outcome-driven and accountable for results. * Drive: We focus on hard work, dedication to clients and our team, and consistent execution. * Respect: We maintain professionalism towards clients, partners, regulators, teammates, and ourselves.

ModernFi is a close-knit team of 11-50 high performers. The company looks for competent, driven, and compassionate individuals from diverse backgrounds. Technical ability, dedication, and humble confidence are valued qualities. Respect for colleagues, clients, partners, and oneself is a core principle. The team consists of engineers, financial analysts, academics, and problem solvers who apply modern technology to traditional balance sheet management. ModernFi’s employees are committed because they choose to be there.

We offer our employees competitive compensation and equity. Benefits include: * Unlimited Paid Time Off (PTO) * 100% coverage for employee health, dental, and vision insurance * 401(k) plan and parental leave * All necessary equipment for in-person and work-from-home setups * Quarterly team offsites and outings.