---
title: 'Product at ModernFi'
canonical: 'https://feeny.ai/job/product-modernfi-new-york-qvzt0at3em0q'
type: 'job'
last_seen: '2026-09-14'
---

# Product at ModernFi

- **Company:** ModernFi
- **Location:** New York, NY
- **Employment:** full-time
- **Posted:** 2026-09-03
- **Last confirmed live:** 2026-09-14
- **Apply:** https://jobs.ashbyhq.com/modernfi/cff7216f-0f47-4f34-b6c7-f1c61ad92034

## Job description

## THE OPPORTUNITY

ModernFi is seeking an individual to join our Product organization and help shape the products that power over 900 banks and credit unions nationwide. From day one, you will have significant ownership over how we understand our clients, define our roadmap, and build our platform. As a founding member of the Product unit, you will work at the intersection of our clients, our engineers, and our business, and you will become a definitive subject matter expert on ModernFi's product capabilities and direction. We are hiring across seniority levels, and your level will be determined during the interview process. At ModernFi, your work will directly fuel our vision to serve as systemically important financial infrastructure that drives the American economy and realize our mission to empower our partner financial institutions to grow and better serve their communities.

## THE ROLE

## RESPONSIBILITIES

- Immerse yourself in the client experience. Spend time with banks and credit unions, understand their workflows and needs, and synthesize what you learn into clear product direction.
- Translate client and market needs into crisp requirements and partner closely with engineering to ship elegant, impactful products.
- Drive roadmap definition and prioritization alongside product leadership, balancing client needs, business goals, and engineering capacity.
- Contribute to product and market strategy, including competitive analysis and opportunity sizing.
- Operate truly cross-functionally, working equally with engineering and with business development teams across pre- and post-sales.
- Become the go-to expert on ModernFi's product, services, and operational capabilities for clients and colleagues alike.

## ABOUT YOU

- A strong analytical toolkit: you are fluent with data and comfortable building your own analyses to answer hard questions.
- The ability and appetite to become technically conversant: you can learn to engage engineers on APIs, integrations, and system design, even if you can't today.
- Exceptional structured thinking and communication: both written and verbal, with the ability to distill complexity for technical and non-technical audiences alike.
- Deep curiosity about clients: you want to understand how they work, what they need, and why.
- Comfortable operating in a fast-paced, dynamic environment with shifting priorities.
- High level of empathy, integrity, and calmness under pressure.
- Prior product experience is not required. We value judgment, drive, and the ability to learn quickly over titles.
- Interest in financial systems and the opportunity to work on meaningful problems with real-world impact.

## ABOUT US

The caliber and character of the ModernFi team set us apart. We value competence and drive over experience, and look for compassionate people with diverse backgrounds. We appreciate technical ability, dedication, and humble confidence. Above all, we value respect — for our colleagues, our clients, our partners, and ourselves. Our team pushes each other to be better every day, supports each other when things go wrong, and grows together on this journey. Because we are a close-knit team, we are selective and considerate with every hire. The people at ModernFi could be doing anything in the world, yet they choose to be here.

## BENEFITS

- Top-of-market comp, equity from day one
- Health, dental, and vision. 100% employee covered
- 401(k) with a broad fund selection
- Unlimited PTO
- Fully paid parental leave
- $100 monthly wellness stipend
- Dinner in the office
- Relocation to New York
- Uncapped equipment
- Quarterly team outings

## THE PROCESS

If you'd like to learn more, please email us at careers@modernfi.com. Our process is focused on cultural and personality fit. We are excited to get to know you, learn about what motivates you, and ensure that we can accelerate your personal and professional growth.

## About ModernFi

## Company Overview
- **One-liner**: ModernFi operates institution-owned deposit networks that help U.S. financial institutions provide reciprocal deposit insurance, optimize funding, and improve profitability.
- **Entity Type**: Private (Series B, $57.8M total funding)
- **Headquarters**: New York, New York, United States
- **Founded**: 2022
- **Founders**: Paolo Bertolotti

## Core Business
- **Primary industry**: Financial Services / Fintech (deposit infrastructure)
- **Target customers**: B2B — U.S. banks (community, regional, super-regional), credit unions, and other financial institutions of all sizes; also serves depositors including private wealth, nonprofits, public funds, and fiduciaries.
- **Mission**: "To serve as systemically important financial infrastructure that drives the American economy" and "Empower our partner financial institutions to grow and better serve their communities" [modernfi.com](https://www.modernfi.com/resources/about)

## Products & Services
- **Reciprocal Deposit Network (NBID)**: An institution-owned network that lets banks and credit unions offer depositors access to millions in aggregate FDIC/NCUA insurance across network institutions. Members receive preferential pricing, profit share, and oversight through a bank-majority board. [modernfi.com](https://modernfi.com/)
- **CUSO Network (for Credit Unions)**: A credit union service organization serving over 130 credit unions, owned directly by 10 credit unions and funded by industry CUSOs representing over 185 more. [modernfi.com](https://modernfi.com/)
- **API & Core Integration Suite**: Direct connections to major core providers, APIs for developers (docs.modernfi.com), real-time portal visibility for treasury, ALCO, and risk teams. [modernfi.com](https://modernfi.com/)
- **Branded Depositor Experience**: Integrated into partner institutions' web and mobile apps, branded as theirs, with a single account, statement, and 1099 for end depositors. [modernfi.com](https://modernfi.com/)
- **Prospect Intelligence & Co-Marketing**: Data and analytics to identify businesses, municipalities, and high-balance prospects; growth dashboards; branded marketing assets and support. [modernfi.com](https://modernfi.com/)

## Market Standing
- **Valuation**: Not publicly disclosed
- **Total Funding**: $57.8M (as of Series B in October 2025) [linkedin.com](https://www.linkedin.com/company/modernfi)
- **Key Metric**: Trusted by 761 of the nation's leading institutions managing $2.8T in deposits across all 50 states. NBID network has over 600 member banks. [modernfi.com](https://modernfi.com/)
- **Notable Investors/Partners**: Canapi Ventures (lead), Andreessen Horowitz, Remarkable Ventures, ICE, Huntington National Bank, First Horizon, Regions, Members Development Company, Curql. Board includes Gene Ludwig (27th Comptroller of the Currency), David Haber, Rodney Hood (former Acting Comptroller of the Currency), Neil Underwood. [modernfi.com](https://www.modernfi.com/resources/about) [linkedin.com](https://www.linkedin.com/company/modernfi)
- **Growth Signals**: Over the past five years, use of deposits networks has nearly tripled to over $450B; public-funds balances on the network grew over 100% year-over-year; Series B raised in Oct 2025; headcount growing (+2.0% monthly); CB Insights Fintech 100, Fast Company Most Innovative Companies. [modernfi.com](https://modernfi.com/) [linkedin.com](https://www.linkedin.com/company/modernfi)

## Competitive Advantages
- **Institution-owned model**: Modeled after Visa at founding and member-owned utilities (DTCC, The Clearing House), giving member banks preferential pricing, profit share, and oversight through a bank-majority board. This creates strong alignment and stability. [modernfi.com](https://modernfi.com/)
- **Scale & network effects**: With 761 institutions and $2.8T in deposits, the network effect is substantial — more members increase the value for all participants.
- **Deep integration**: Direct connections to major core providers and APIs make it sticky and embedded in partner workflows.
- **Regulatory and industry credibility**: Board includes former Comptrollers of the Currency, and the company has deep relationships with state associations and regulators.
- **Branded, white-label experience**: Partners own the depositor relationship entirely, with ModernFi operating invisibly in the background.

## Strategic Focus
- **Scaling the network**: Continuing to add member banks and credit unions (new institutions signing every week), with a goal of becoming systemically important infrastructure.
- **Deepening product suite**: Expanding API access, analytics, and co-marketing capabilities to increase partner stickiness and revenue.
- **Public funds growth**: Winning municipal mandates with reduced collateral requirements (public-funds balances grew 100%+ YoY).
- **Building a coalition**: Intending to build a coalition that sits at the heart of American banking, ensuring stable operation for decades so institutions of all sizes can compete and thrive. [modernfi.com](https://www.modernfi.com/resources/about)

## Why Work Here
- **Culture & Values**: Outcome-driven, high-performance culture emphasizing Drive, Performance, and Respect. "We value competence and drive over experience" and look for compassionate individuals with diverse backgrounds. [modernfi.com](https://www.modernfi.com/resources/careers)
- **Team**: Close-knit team of ~50 high performers. "The people at ModernFi could be doing anything in the world, yet they choose to be here." [modernfi.com](https://www.modernfi.com/resources/careers)
- **Benefits**: Competitive compensation and equity, unlimited PTO, 100% of employee health/dental/vision insurance covered, 401(k) plan, parental leave, all equipment covered for in-person or WFH setup, quarterly team offsites and outings. [modernfi.com](https://www.modernfi.com/resources/careers)
- **Work Environment**: Hybrid/remote-friendly (all equipment covered for WFH). Headquarters in New York, NY. Quarterly team offsites and outings.
- **Engineering Culture**: 8 open roles including Senior/Staff Software Engineer, Forward Deployed Engineer, Software Engineer, and Engineering Manager. Technical team is 16% of headcount. [linkedin.com](https://www.linkedin.com/company/modernfi) [jobs.ashbyhq.com](https://jobs.ashbyhq.com/modernfi)
- **Impact**: Opportunity to build foundational financial infrastructure that strengthens community and regional institutions — the "drivetrain of the American economy." [modernfi.com](https://www.modernfi.com/resources/about)

## Sources
1. [modernfi.com](https://modernfi.com/)
2. [modernfi.com/about](https://www.modernfi.com/resources/about)
3. [modernfi.com/careers](https://www.modernfi.com/resources/careers)
4. [linkedin.com/company/modernfi](https://www.linkedin.com/company/modernfi)
5. [jobs.ashbyhq.com/modernfi](https://jobs.ashbyhq.com/modernfi)

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