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ModernFi secures $18.7M to help banks grow their deposit base

A lot has happened in banking over the past year, including the Silicon Valley Bank collapse, and that’s enabled companies like ModernFi to step in and provide other solutions. The company provides community and regional banks with end-to-end deposit management capabilities, including a deposit network so bank customers can grow, retain and manage their deposit base by sourcing deposits, sweeping funds and providing additional security to depositors. In fact, ModernFi, founded in 2022 b...
Adam Devita Paolo Bertolotti Andreessen Horowitz Silicon Valley Bank Huntington National Bank First Republic
Source: yahoo.com

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