Andreessen Horowitz backs ModernFi’s deposit marketplace for banks

Banks aren’t letting fintechs have all the fun when it comes to using technology, providing an opening for startups to show them what they got.
In the same vein as companies like Flourish Fi, Treasury Prime, Savana and Amount offering software for banks, ModernFi is providing a marketplace for banks to exchange deposits on demand.
Banks typically use deposits to make loans, which puts them into one of two situations: either they have too many deposits and not enough lending or investment opportunities, or they don’t have enough deposits to meet the loan demand, explained Paolo Bertolotti, co-f

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