---
title: 'Software Engineer at ModernFi'
canonical: 'https://feeny.ai/job/software-engineer-modernfi-new-york-3pwqr47jpkds'
type: 'job'
last_seen: '2026-09-07'
---

# Software Engineer at ModernFi

- **Company:** ModernFi
- **Location:** New York, NY
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-08-10
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.ashbyhq.com/modernfi/0f57cf60-8b8f-4de7-9fbc-4ecb1cf96ef2

## Job description

## THE OPPORTUNITY

ModernFi is seeking software engineers to build the foundation of the platform that powers banks and credit unions nationwide. From day one, you will have significant ownership and the opportunity to shape the direction of our platform, our engineering culture, and the broader trajectory of the company. As a member of a talented and collaborative team, you will design and build the systems at the core of how ModernFi operates.

Your work will be instrumental in building the products that help banks and credit unions better serve their communities, improving financial health nationwide. This role offers the opportunity to build impactful solutions with real autonomy, work on mission-critical systems, grow your technical expertise, and influence how the team builds as we scale during a period of rapid growth.

We are hiring across levels (mid-level, Senior, and Staff), and your level will be determined during the interview process based on your technical performance.

At ModernFi, your work will directly fuel our vision and mission to serve as systemically important financial infrastructure that drives the American economy and to empower our partner financial institutions to grow and better serve their communities.

## THE ROLE

## RESPONSIBILITIES

- Design and build scalable, maintainable, and correct backend services to support ModernFi’s core products and bank integrations.
- Lead or contribute to technical initiatives, with opportunities to define architecture, lead projects, and mentor teammates.
- Partner closely with Product to define requirements, translate business needs into technical specs, and ship elegant, impactful features.
- Uphold and evolve engineering best practices, including code quality, testing, CI/CD pipelines, and documentation.
- Participate in design discussions, conduct code reviews, and contribute to technical decisions that scale with our business.
- Tackle challenging technical problems with innovative and pragmatic solutions.
- Help cultivate an inclusive, high-performing engineering culture grounded in trust, ownership, and collaboration.

## TECH STACK

- Python (FastAPI, SQLAlchemy), Typescript
- Retool (React, Vite, Tailwind)
- PostgreSQL Database
- AWS / Pulumi IaC
- Tools: Auth0, Datadog, Fern

## ABOUT YOU

- Proven ability to independently design, develop, and maintain backend systems.
- Strong understanding of software engineering principles, with tangible experience writing high-quality, production-ready code.
- Experience leading or contributing significantly to complex engineering projects (for more senior candidates).
- Excellent communication skills with the ability to explain technical concepts clearly to both technical and non-technical audiences.
- Comfortable operating in a fast-paced, dynamic environment with shifting priorities.
- High level of empathy, integrity, and calmness under pressure.
- 4+ years of software engineering experience (flexible depending on level), ideally with Python, AWS, or similar modern technologies.
- Interest in financial systems and the opportunity to work on meaningful problems with real-world impact
- You’re a thoughtful IC who thrives on shipping great software, improving team practices, and supporting those around you.

## 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, 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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