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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $29.1M
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First Round
First Round
(10 Jan 2022)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series B - Modern Finance | Valuation |
investors |
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| Nov, 2024 | Amount | Series A - Modern Finance | Valuation |
investors |
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| Jul, 2024 | Amount | Series A - Modern Finance | Valuation | Curql |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Curql is focused on connecting credit unions with fintech investments.
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Founded Year | Domain | Location | |
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Investing in B2B software and fintech for the financial services economy.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modern Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Finance Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| domain | founded_year | HQ Location |
Financial products are compared online to offer data-driven advisory services.
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| domain | founded_year | HQ Location |
Utility and financial services plans are compared online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modern Finance
Frequently Asked Questions about Modern Finance
When was Modern Finance founded?
Modern Finance was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Modern Finance located?
Modern Finance is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Modern Finance?
Paolo Bertolotti is the current CEO of Modern Finance. They have also founded this company.
Is Modern Finance a funded company?
Modern Finance is a funded company, having raised a total of $57.43M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jan 10, 2022.
What does Modern Finance do?
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.
Who are the top competitors of Modern Finance?
Modern Finance's top competitors include NerdWallet, LendingTree and Raisin.
What products or services does Modern Finance offer?
Modern Finance offers Deposit Network, Term Funding, and Prospect Finder.
Who are Modern Finance's investors?
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.
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