Tech Company Financing Transactions
ModernFi Funding Round
On 2/14/2023, ModernFi raised $4.5 million in Seed investment from Andreessen Horowitz.
Transaction Overview
Company Name
Announced On
2/14/2023
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Andreessen Horowitz (Lead Investor)
Proceeds Purpose
The company intends to use the funds to to hire across engineering, bank partnerships, and compliance and to enhance its product offering by deepening its integrations with bank partners and expanding the types of funding available through its marketplace.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
562 West End Ave Apartment 6th Floor
New York, NY 10024
USA
New York, NY 10024
USA
Phone
Undisclosed
Website
Email Address
Overview
ModernFi was founded to empower banks through technology. By creating an efficient interbank market, we allow banks to increase their operational efficiency. We put our talent and technology at the service of banks to help them prosper and better serve their surrounding communities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paolo Bertolotti
Chief Operating Officer
Adam DeVita
Chief Technical Officer
Andrew Palmer
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We do our best to record every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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