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Fi Money

Fi is a neobanking platform designed for working professionals to help them save, invest and grow their money.
Financial Services,  FinTech,  Services  
Basic Information
Bengaluru-based Fi (pronunciation rhymes with Sky) was founded by Sujith Narayanan and Sumit Gwalani. The startup partners with RBI-licensed banks to provide users with a savings account that can be opened entirely on their phones in 3 minutes! The idea behind Fi is to help users better understand how they spend their money and guide them toward making good-quality investments. At this point, Fi offers a savings account along with options to save and invest money. The startup has raised $78 million collectively from investors such as Ribbit Capital, B Capital, and Sequoia, to name a few. Fi currently employs close to 200 people and is valued at $400 million.
Legal Name
:
epiFi technologies pvt. ltd.
Headquarters
:
Bengaluru, Karnataka, India
Business Model
:
B2C  
Founding Date
:
2019
No. of Employees
:
151 to 250
Core Team
:
1.  
Sumit Gwalani
Co-Founder
2.  
Sujith Narayanan
Co-Founder
Funding

Total Funding

$75.2M

Investors
:
1.  
Sequoia Capital
2.  
B Capital Group
3.  
Ribbit Capital
Detail Round Breakdown
Round 1

$17M

Series Name
:
SERIES-C
Date
:
12th Aug 2022
Investors
:
1.  
Temasek Holdings
2.  
QCM Holdings
Features

Fi Money losses widen to Rs 301 Cr, expenses balloon to Rs 365.7 Cr

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