ModernFi announced a $30 million Series B funding round led by Canapi Ventures. The raise brings the company’s total funding to more than $60 million as it works to help financial institutions of all sizes grow deposits and customer relationships.
ModernFi provides deposit management technology for banks and credit unions, helping them source funds, manage balance sheets and strengthen depositor security. Its platform integrates into core banking systems to replace outdated workflows with automated, transparent tools for deposit growth and protection.
With the new capital, ModernFi plans to accelerate adoption among financial institutions, expand its team and deepen integrations with digital banking providers. The company will also continue to scale its support teams to serve new partners as it grows its deposit networks for banks and credit unions.
