ModernFi Information

ModernFi helps financial institutions of all sizes grow, retain, and manage their deposits. Through ModernFi's deposit network, banks and credit unions can sweep funds, source deposits, and provide additional security to depositors. ModernFi’s solutions help institutions attract and retain large-value depositors, driving growth and increasing balance sheet stability. ModernFi is backed by Canapi Ventures, Andreessen Horowitz, Remarkable Ventures, and leading banks Huntington National Bank, First Horizon, and Regions. ModernFi, Inc., together with its subsidiaries and affiliated entities, including ModernFi Deposit Services LLC, ModernFi CUSO LLC, and NBID LLC, are not banks or credit unions. ModernFi does not accept deposits, and deposit insurance covers the failure of an insured depository institution, not ModernFi. Deposit placement through ModernFi is subject to the terms, conditions, and disclosures in applicable agreements. A list identifying network banks can be found at https://www.nbid.com/bank-list. A list identifying network credit unions can be found at https://www.modernfi.com/credit-union-list.