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 City, United States.

Who is the current CEO of Modern Finance?

Paolo Bertolotti of Modern Finance. They have also founded 1 company.

How many employees does Modern Finance have?

As of Jul 31, 2026, the latest employee count at Modern Finance is 54.

Is Modern Finance a funded company?

Modern Finance is a funded company, having raised a total of $60M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 10, 2022.

When was the latest funding round of Modern Finance?

Modern Finance's latest funding was a $***** Series B round on Jun 27, 2025, with participation from 5 investors.

Where does Modern Finance rank among its competitors?

Modern Finance ranks 4th amongst 20 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Yield Vault, which secured $10M in Dec, 2025.

Who are the top competitors of Modern Finance?

Modern Finance's top competitors include NerdWallet, Raisin and Bankrate. Among them, Yield Vault secured the most recent funding round in December, 2025.

Modern Finance - 2026 Company Profile, Team, Funding & Competitors

Modern Finance is a series B company based in New York City (United States), founded in 2016 by Adam DeVita and Paolo Bertolotti. It operates as an Online deposit marketplace for banks and financial institutions. Modern Finance has raised $60M in funding from investors like Canapi Ventures, Andreessen Horowitz and Entrepreneurs Roundtable Accelerator. The company has 20 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like NerdWallet, Raisin and Bankrate.

Company Details

Online deposit marketplace for banks and financial institutions. It connects banks and financial institutions and allows banks with excess deposits to provide liquidity to banks or financial institutions that need liquidity as they might have low deposit sources. It provides an integrated dashboard with features such as accounts, transactions, banks, inboxes, and settings.

Website: www.modernfi.com/
Email ID: *****@modernfi.com

Key Metrics

Founded Year

2016

Location

New York City, United States

Stage

Series B

Total Funding

$60M in 6 rounds

Latest Funding Round

Series B, Jun 27, 2025, $*****

Investors

Canapi Ventures & 19 more

Ranked

4^th among 20 active competitors

Employee Count

54 as on Jul 31, 2026

Similar Companies

NerdWallet & 132 more

View Modern Finance's full profile

Modern Finance is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MODERNFI, INC. CIN: 6380812 , United States, Active	Jan 20, 2022	-	-	-

Modern Finance has raised a total funding of $60M over 6 rounds. Its first funding round was on Jan 10, 2022. Its latest funding round was a Series B round on Jun 27, 2025 for $*****. 5 investors participated in its latest round. Modern Finance has 20 institutional investors.

Here is the list of recent funding rounds of Modern Finance:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 27, 2025	4950427	Series B	3450624	9985887	6842851	1579105
Nov 19, 2024	4561479	Series A	9422055	7580171	7229121	ABNB Federal Credit Union & 13 more
Jul 23, 2024	4558963	Series A	5933397	8512908	Curql	2146581

Access funding benchmarks and valuations. Sign up today!

View details of Modern Finance's funding rounds and investors

The founders of Modern Finance are Adam DeVita and Paolo Bertolotti. Paolo Bertolotti is the CEO of Modern Finance.

Here are the details of Modern Finance's key team members:

Adam DeVita: Co-Founder & COO of Modern Finance. They serve on the board of 1 company.
Contact Info: 1 email address
Paolo Bertolotti: Co-Founder & CEO of Modern Finance. They serve on the board of 1 company.
Contact Info: 1 email address

Modern Finance's Board of Directors

Modern Finance's board has 3 active members. Neil Underwood, Adam DeVita and Paolo Bertolotti are independent board members.

Here is the list of Modern Finance's board of directors:

Name	Type	Representing	Status	Duration
Neil Underwood	Independent board member	-	Current	1y 11m
ddsnbro	Independent board member	-	Current	8y 5m
kricbh{	Independent board member	-	Current	3y 9m

View details of Modern Finance's Founder profiles and Board Members

Modern Finance's employee count trend

Modern Finance has 54 employees as of Jul 26. Here is Modern Finance's employee count trend over the years:

Uncover Modern Finance's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Modern Finance include NerdWallet, Raisin and Bankrate. Here is the list of Top 10 competitors of Modern Finance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NerdWallet 2009, San Francisco (United States), Public	App-based comparison platform for financial products	$123M	IVP, Camelot Capital & 13 others	73/100
2nd	Raisin 2013, Berlin (Germany), Series E	Comparison platform for bank accounts	$304M	Index Ventures, Ribbit Capital & 57 others	73/100
3rd	Bankrate 1976, North Palm Beach (United States), Acquired	Empowering financial well-being through expert guidance, tools, and comparison resources	-	Princeton Ventures, ABS Ventures & 1 others	66/100
4th	Modern Finance 2016, New York City (United States), Series B	Online deposit marketplace for banks and financial institutions	$60M	Canapi Ventures, First Horizon National Corporation ... & 18 others	64/100
5th	MagnifyMoney 2014, New York City (United States), Acquired	Aggregator of financial products	-	Ronoc	39/100
6th	Capstack Technologies 2020, Miami (United States), Seed	Bank-to-bank marketplace and communication platform	$6M	Fin Capital, Citi Ventures & 9 others	38/100
7th	Bankaholic.com 2006, North Palm Beach (United States), Acquired	Platform to compare financial products	-	-	33/100
8th	Banks.com 1999, Hermosa Beach (United States), Funding Raised	Financial literacy platform	-	Capitala Group, Harbert Management	32/100
9th	Finsophy 2016, Charlotte (United States), Seed	Provider of a marketplace for banking products	$185K	RevTech Labs, RevTech Labs Capital & 2 others	31/100
10th	Yield Vault 2021, San Francisco (United States), Seed	Platform providing user-submitted rates for savings accounts and related products	$10M	-	30/100