Company profile: ModernFi
1.1 - Company Overview
Company description
- Provider of an API-driven deposit network enabling institutions to grow, retain, and manage deposits by sweeping and reciprocating funds, sourcing deposits, and offering extended deposit insurance through program institutions. Solutions include a deposit command center, digital banking integrations for a frictionless experience, sweep/reciprocal deposits, and an online admin portal for deposit management.
Products and services
- Extended deposit insurance access: Institutional-grade access via program institutions that delivers expanded insurance coverage to depositors, helping institutions attract and retain large-value balances across the ModernFi network
- API-driven deposit network: A platform integrating with digital banking via APIs that sweeps funds, sources deposits, and delivers extended insurance access so institutions grow, retain, and manage deposit bases
- Deposit command center: Enterprise-grade software and APIs engineered to manage deposits by sweeping, reciprocating, and receiving, giving institutions centralized control over deposit activities within the ModernFi network
Key contacts
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Financial details
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1.2 - Competitors and similar companies to ModernFi
Doconomy
HQ: Sweden
Website
- Description: Provider of Sweden-based fintech digital banking services that enable sustainable lifestyles, offering Impact Transactions to convert and categorize transactions into CO2e impact, Impact Activity for lifestyle-based carbon footprint assessment and improvement, Impact Education for tools to reduce climate footprint, and Impact Finance, a savings solution linking financial well-being with sustainable behaviors and templates for green investments.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Property Valuation Services
HQ: United States
Website
- Description: Provider of appraisal management and valuation services for lenders, helping complete inspections and manage appraisals more efficiently. Offers AVMs that reduce time and costs in valuation and compliance, and EVA for instant reporting.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Bridge
HQ: France
Website
- Description: Provider of banking data aggregation and payment initiation services, including account information, open data, electronic invoicing, debt collection, e-commerce sites and digital and physical commerce, factoring, kitty services, wallets, single and multiple payments, and finance and insurance with credit, risk, and fraud expertise.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Market Scan
HQ: United States
Website
- Description: Provider of technology, business intelligence and automotive SaaS enterprise solutions for automotive commerce and retailing. Offers tools and APIs including mDesking for optimal payment calculations and quotes, mDrive for budget-based vehicle matching, mScope for OEM competitive payment analysis, mGauge for lenders to assess payment competitiveness, and mScanAPI for accurate real-time payment and incentive data.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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EVO Banco
HQ: Spain
Website
- Description: Provider of retail banking services, managing loans, credit and savings accounts, including a dual current and remunerated savings account with automatic transfers, variable-rate mortgages with potential bonuses, fixed-term deposits, a combined debit/credit card with free ATM withdrawals, youth accounts with no commissions and free withdrawals abroad, and instant mobile money transfers via EVO Bizum.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full EVO Banco company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for ModernFi
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Buyer group 2: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to ModernFi
2.2 - Growth funds investing in similar companies to ModernFi
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4 - Top valuation comps for ModernFi
4.2 - Public trading comparable groups for ModernFi
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