Outside Venture Capital

Over the past decade, the consumer fintech industry has been focused on serving the ‘underbanked’ population by providing the same bank account experience with a handful of new features. At Modern, we believe this population isn’t underbanked by the current system, they are misunderstood. For millions of Americans, as much as 40% of their true financial health is hidden from the financial system, leaving them without basic visibility into their monthly cashflow and unable to build credit without more debt. Modern is on a mission to unlock modern financial health. Modern is the first banking platform designed specifically to support the dynamic, often volatile financial experience that most Americans face each month. They rely on an interconnected group of people and five or more different apps to manage their money, cover monthly bills, and avoid negative financial outcomes. By breaking down the walls of the traditional bank account, Modern brings your entire financial world into one intelligence banking app and is purposefully designed to think about your money the same way you do. Modern offers unique tools to get a better handle on monthly cashflow, pay bills without the stress, build credit without debt, and establish a more secure financial future.