New York based deposit management firm for banks raised $18.7m in Series A funding led by Canapi Ventures.
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ModernFi raises $18.7m in Series A funding
“After SVB, after Signature and after First Republic, a lot of those institutions came together and said, ‘We need a better solution here. We don’t think regulators are going to make changes, and we don’t think that the current solutions or the current incumbents have moved fast enough to support this.’”
