LinkedIn · Jul 2025
Greg Gevorkyan announced Modernbanc as an AI financial assistant for business owners, emphasizing real-time banking and accounting data and answering finance questions quickly.
Company research
Public company, workplace, funding, and market signals
Overview
San Francisco-based YC W20 fintech building AI-powered accounting and financial-operations software for startups and businesses, centered on a spreadsheet-like real-time finance assistant plus ledger, vault, workflows, and reconciliation modules.
Primary product
AI-powered accounting / real-time finance platform with spreadsheet interface
Founded
2020
Headquarters
2261 Market Street, San Francisco, CA 94114, U.S.
Team size
1-10
Industry
Financial Services
Sub-industry
Fintech / accounting software
Offices
2261 Market Street, San Francisco, CA 94114, U.S.
Business model
B2B SaaS
Demo-led direct sales
API/platform licensing
Funding
Stage
Seed
Total raised
$125K
Latest round
Seed · Oct 2020
Latest amount
$125K
People & investors
Leadership
Founder & CEO
Co-founder & CTO
Founding Engineer
Work & culture
Lean, engineering-heavy, AI-native, and craft-oriented. Public messaging emphasizes speed, offline-first UX, real-time finance, security/compliance, and reducing finance busywork for founders and accountants.
Compensation
A public YC job post said the company offers competitive salary and equity; at least one role was described as remote with a North America-based candidate preference.
Product & market
Pricing
Demo-led / custom pricing; public launch offers included two months free for the first 10 clients.
Differentiators
- —Spreadsheet-like interface with live bank and accounting data
- —AI finance assistant for real-time questions, dashboards, and projections
- —Built-in real-time sync engine with offline-first behavior
- —Integrated ledger, workflows, vault, and reconciliation modules
- —No-code/AI-powered reconciliations without engineering support
- —PCI-DSS Tier 1 and SOC 2 Type II positioning for sensitive financial data
Technology
AWS
GCP
WebGL
React
styled-components
Webpack
Cloudflare DNS
Intercom
Hotjar
Nginx
Piwik PRO Core
Lua
Stripe
Slack
Modernbanc SDKs
Modernbanc Isolates
TypeScript
JavaScript
Swift
Customers
startup founders
startup finance teams
medium and large company finance teams
accountants
physical product startups
credit unions
community banks
Competitors
QuickBooks
Xero
Ribbon
PayMe
Juno
Brex
Pleo
Spendesk
Airbase
Expensify
Scale & contact
Estimated revenue
About $1M annual revenue (third-party estimates range from roughly $900K to $1M).
Estimated monthly visits
179
Traffic estimate as of May 2024
Latest news
LinkedIn · Mar 2025
Modernbanc added receipt attachment to transactions, supporting invoices and contracts and centralizing record-keeping.
LinkedIn · Mar 2025
Modernbanc launched an accountant partnership program with referrals, discounts, and feature-request priority.
LinkedIn · Feb 2025
Modernbanc said it entered public beta and highlighted AI bookkeeping, runway/burn reporting, tax-readiness, and a built-in spreadsheet.
Finovate · May 2024
Modernbanc presented its Ledger, Vault, Workflows, and Reconciliations modules and highlighted AI/no-code reconciliation for finance teams.
Jobs and careers at Modernbanc
0 jobs at Modernbanc
No open positions
Check back later for new openings