ModernFi, Inc. announced that it has received $18.7 million in funding from CenterHarbor Canapi Ventures Investment Advisor LLC, Andreessen Horowitz LLC, Remarkable Ventures, Regions Financial Corporation, The Huntington National Bank, First Horizon Bank and other investors

On January 23, 2024, ModernFi, Inc. closed the transaction. The company issued 7,071,280 series A preferred shares for gross proceeds of $18,699,999.96 in the transaction led by new investor, CenterHarbor Canapi Ventures Investment Advisor LLC. The transaction also included participation from returning investors, Andreessen Horowitz LLC, Remarkable Ventures, and group of banks including, new investors, Regions Financial Corporation, The Huntington National Bank and First Horizon Bank.

The company has raised total over $23,000,000 funding till date.