Account Executive
ModernFiSalary not specified
- Full Time
- Senior (5 to 8 years)
About ModernFi
ModernFi focuses on funding markets and asset liability management in the banking sector by allocating funds to FDIC-member banks. It serves institutional clients, providing insights and strategies to help them manage funding needs and optimize balance sheets. Unlike traditional banks, ModernFi does not offer deposits but simplifies complex financial processes through advisory services and educational materials. The company generates revenue through various fees, aiming to add value by helping clients navigate financial market complexities.
New York City, New YorkHeadquarters
2022Year Founded
$26.9MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
11-50Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity
Risks
Increased competition from fintech companies may erode ModernFi's market share.
Technical challenges with Q2 integration could affect client satisfaction and adoption.
Regulatory scrutiny may increase compliance costs and operational challenges for ModernFi.
Differentiation
ModernFi offers a fully integrated, API-driven deposit network for financial institutions.
The company provides extended deposit insurance through program institutions, enhancing depositor security.
ModernFi's solutions simplify complex financial instruments for institutional clients, aiding compliance.
Upsides
Integration with Q2's platform enhances ModernFi's digital banking capabilities and client reach.
Partnerships with credit unions expand ModernFi's market presence and deposit network.
Recognition as a top fintech innovator boosts ModernFi's credibility and market appeal.
Funding
Total raised$26.94 M
Latest valuation$93.50 M
StageSERIES_A
SERIES A
12/31/2023$19
$93.50 MSEED
1/31/2023$4
$22.50 MEARLY VC
8/31/2022$4
$22.50 M