ModernFi, the fintech platform founded by Paolo Bertolotti, PhD, has successfully raised $30 million in Series B funding, attracting backing from industry heavyweights and leading venture capital firms. The round was co-led by Canapi Ventures, Andreessen Horowitz, Curql, Remarkable Ventures, and Intercontinental Exchange, Inc., underscoring the strategic importance of ModernFi’s mission to transform deposit infrastructure for financial institutions.

The capital injection positions ModernFi to expand its technology, build out its team, and extend its partnerships with banks and credit unions nationwide. In a market where customer loyalty is fluid and liquidity management is critical, ModernFi gives financial institutions the tools to stay competitive while meeting modern regulatory and operational challenges.

Why This Raise Is Different

Unlike many fintech startups that approach banking with a disrupt-or-die mentality, ModernFi is embedding itself into the existing ecosystem, helping institutions solve a fundamental pain point - deposit fragmentation. Its platform enables deposits to flow more efficiently across a network of banks and credit unions, providing improved liquidity management, risk mitigation, and scalability.

The presence of Andreessen Horowitz signals a strong bet on ModernFi’s capacity for hypergrowth, while Intercontinental Exchange (ICE) adds rare validation from one of the most established forces in global financial infrastructure. When such investors align, it signals not just product potential but long-term systemic relevance.

And here’s where founders can extract a crucial lesson: ModernFi’s trajectory proves that you don’t always need to break an industry to win big - you can build the pipes that make the system itself stronger. Too many startups fall into the trap of antagonizing incumbents, only to find themselves locked out of distribution channels and regulatory goodwill. ModernFi chose another route: solving an entrenched problem for the very stakeholders others try to displace. By positioning itself as infrastructure rather than competitor, the company gained allies instead of enemies, accelerating adoption. For founders, this is a sharp reminder that the real opportunity often lies not in tearing down what exists but in quietly powering the system where it fails most.

Expanding Capabilities

With fresh capital, ModernFi plans to broaden its offerings to serve a wider range of financial institutions. That means deeper integrations with core banking systems, more robust compliance frameworks, and scalable tools for community banks and credit unions that often lack the technological edge of larger incumbents.

This is especially important in the current environment, where banks are under pressure to maintain strong liquidity positions while navigating competition from digital-first challengers. ModernFi’s platform bridges that gap, offering an efficient way to manage deposits while strengthening resilience across the financial ecosystem.

Strategic Investor Blend

The syndicate behind ModernFi’s Series B is as notable as the size of the round. Canapi Ventures brings mission-driven expertise in community banking, Curql adds deep connections to credit unions, while Remarkable Ventures strengthens ModernFi’s growth potential. Paired with the innovation networks of Andreessen Horowitz and the institutional authority of Intercontinental Exchange, this combination provides ModernFi with both credibility and acceleration pathways - something most startups struggle to balance.

Looking Ahead

ModernFi’s funding milestone highlights the growing urgency within banking to modernize deposit infrastructure. As customer expectations evolve, and as regulatory demands intensify, banks and credit unions must upgrade legacy systems or risk falling behind. ModernFi’s platform represents a bridge between tradition and innovation - offering compliance-ready, technology-driven solutions that fit seamlessly into the existing ecosystem.

If executed well, this approach could redefine how deposits are managed across the United States, potentially serving as the foundation for the next wave of financial infrastructure. By focusing on collaboration rather than disruption, ModernFi has shown the path forward for fintechs looking to achieve both scale and systemic impact.