About Modern Finance
Modern Finance is a company based in New York (United States) founded in 2016 by Paolo Bertolotti and Adam DeVita. Modern Finance has raised $57.43 million across 6 funding rounds from investors including Huntington National Bank, Regions Bank and First Horizon National Corporation. Modern Finance offers products and services including Deposit Network, Term Funding, and Prospect Finder. Modern Finance operates in a competitive market with competitors including NerdWallet, Raisin, LendingTree, SmartAsset and LowerMyBills, among others.
- Headquarter New York, United States
- Founders Paolo Bertolotti, Adam DeVita
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Modernfi, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$57.43 M (USD)
in 6 rounds
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Latest Funding Round
$29.13 M (USD), Series B
Jun 27, 2025
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Investors
Huntington National Bank
& 18 more
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Employee Count
Not available
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Products & Services of Modern Finance
Modern Finance offers a comprehensive portfolio of products and services, including Deposit Network, Term Funding, and Prospect Finder.
Tool to attract large-value depositors and manage balance sheets.
Software for sourcing cost-effective term funding on demand.
Platform to identify and contact new large-value accounts.
People of Modern Finance
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Funding Insights of Modern Finance
Modern Finance has successfully raised a total of $57.43M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $29.13 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Modern Finance
Modern Finance has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Huntington National Bank, Regions Bank and First Horizon National Corporation.
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Curql is focused on connecting credit unions with fintech investments.
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Investing in B2B software and fintech for the financial services economy.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Investor details for Modern Finance
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Modern Finance
Investment portfolio details for Modern Finance
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Financial Statements - Modern Finance
Detailed financials for Modern Finance
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Modern Finance Comparisons
Peer comparison for Modern Finance
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Competitors of Modern Finance
Modern Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NerdWallet, Raisin, LendingTree, SmartAsset and LowerMyBills, among others.
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App-based comparison platform for financial products
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Comparison platform for bank accounts
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Provider of a platform for loan and other consumer financial product comparison
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Financial products are compared online to offer data-driven advisory services.
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Utility and financial services plans are compared online.
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Detailed competitors of Modern Finance
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Latest news on Modern Finance
Complete news archive for Modern Finance
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Frequently Asked Questions about Modern Finance
Modern Finance was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Modern Finance is headquartered in New York, United States. It is registered at New York, New York, United States.
Paolo Bertolotti is the current CEO of Modern Finance. They have also founded this company.
Modern Finance is a funded company, having raised a total of $57.43M across 6 funding rounds to date.
Modern Finance was founded in 2016 in New York, United States, within the financial technology sector. An online platform is operated to connect banks and financial institutions, enabling those with excess deposits to supply liquidity to entities facing shortages. Services include an integrated dashboard for managing accounts, transactions, bank details, inboxes, and settings, supporting efficient inter-institutional deposit flows.
Modern Finance's top competitors include NerdWallet, LendingTree and Raisin.
Modern Finance offers Deposit Network, Term Funding, and Prospect Finder.
Modern Finance has 19 investors. Key investors include Huntington National Bank, Regions Bank, First Horizon National Corporation, Members Development Company, and ABNB Federal Credit Union.