Startup Atlas · Digital Banking

Fi Money

Epifi Technologies Private Limited ● Bengaluru, Karnataka ● Founded 2019 ● fi.money ↗

Bengaluru-based neobank founded by former Google Pay India executives, offering a Federal Bank-backed digital savings account, debit card, personal loans, and investment tools (mutual funds, US stocks) via its Fi Money app aimed at millennials. In 2026 the company discontinued its consumer banking services on the platform and pivoted to building AI systems for startups and enterprises.

Sujith Narayanan · Co-founder Sumit Gwalani · Co-founder, Chief Product and Technology Officer
$137.2 MnTotal funding (tracked)
4Funding rounds
22 Jul 2022Last round

Fi Money: Funding Rounds

Date Round Amount Investors Source
22 Jul 2022 Series C $62 Mn Alpha Wave QCM Holdings Temasek source
29 Oct 2021 Series B $50 Mn B Capital Alpha Wave Oceanview Capital QCM Holdings source
5 Jun 2021 Series A $12 Mn Ribbit Capital Sequoia Capital source
12 Jan 2020 Seed $13.2 Mn Ribbit Capital Sequoia Capital India David Velez Hillhouse Capital Kunal Shah source

Recent Signals

  • 11 Mar 2026 · ma-strategic
    Fi discontinues consumer banking services, pivots to enterprise AI source
  • 13 Jul 2025 · org-team
    Fi Money's workforce shrinks to under 100 employees amid downsizing source

News on Fi Money

L Litmus · by Lapaas

See the full business-model breakdown and validation framework for this company.

View Litmus Analysis

FAQs on Fi Money

Who founded Fi Money?

Fi Money was founded by Sujith Narayanan, Sumit Gwalani in 2019.

How much funding has Fi Money raised?

Fi Money has raised $137.2 Mn across 4 tracked funding round(s), most recently on 2022-07-22. Figures are compiled from cited public sources.

Who are the investors in Fi Money?

Investors in Fi Money include Alpha Wave, QCM Holdings, Temasek, B Capital, Oceanview Capital, Ribbit Capital, Sequoia Capital.

What does Fi Money do?

Bengaluru-based neobank founded by former Google Pay India executives, offering a Federal Bank-backed digital savings account, debit card, personal loans, and investment tools (mutual funds, US stocks) via its Fi Money app aimed at millennials. In 2026 the company discontinued its consumer banking services on…

Where is Fi Money headquartered?

Fi Money is headquartered in Bengaluru, Karnataka, India.

What is Fi Money's business model?

Fi Money's core value proposition centers on One app for savings, cards, loans and investing, Diversified product suite beyond banking.

How does Fi Money make money?

Fi Money's cited revenue streams include Personal loan distribution, Underperforming non-credit products (wealth, rewards).

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: techcrunch.com · Last verified 5 Sep 2026. · Report a correction