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About Fi Money
Industries
Fintech
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$133.3M
Headquarters
Bengaluru, India
Founded
2019
Overview
Fi Money provides a digital platform for individuals to manage their personal finances easily. The platform is accessible on Android, iOS, and web, allowing users to track their spending and savings through a user-friendly interface. Unlike its competitors, Fi Money focuses on creating a seamless experience that promotes user engagement and retention. The company's goal is to simplify financial management while generating revenue through transaction fees and partnerships with financial institutions.
Simplify's Take
What believers are saying
- Fi Money raised $45 million in Series C funding from Alpha Wave Ventures.
- The rise of open banking in India benefits Fi Money's integrated services.
- Increased demand for digital banking boosts Fi Money's user base.
What critics are saying
- Fi Money faces competition from established P2P lenders like LenDen Club and CRED.
- Recent workforce reduction may impact Fi Money's service quality.
- Fi Money's reliance on funding rounds poses financial stability risks.
What makes Fi Money unique
- Fi Money offers a user-friendly interface for personal finance management.
- The platform supports cross-platform access on Android, iOS, and web.
- Fi Money provides zero balance savings accounts and commission-free mutual funds.
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Funding
Total Funding
$133.3M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Fi.Money recently laid off 30 employees, which is approximately 10% of its workforce in Bengaluru.
India-based neobank Fi Money has reportedly collected an additional $17m for its Series C funding round. Singapore-based investment firm Temasek Holdings supplied $15m to Fi Money, and existing investor QCM Holdings deployed $2m, according to a report from Your Story
The latest development comes a month after Fi secured $45 Mn in its Series C funding round from Alpha Wave Ventures
Fi, formerly EpiFi, an India-based neobanking platform has raised $45 million in its Series C funding round from Alpha Wave Ventures. * Fi is a money management app for working professionals, with zero balance savings accounts and commission-free mutual funds. Users are allowed to connect other bank accounts to the app.
Fi, formerly EpiFi, an India-based neobanking platform has raised $45 million in its Series C funding round from Alpha Wave Ventures. * Fi is a money management app for working professionals, with zero balance savings accounts and commission-free mutual funds. Users are allowed to connect other bank accounts to the app.
There are no jobs for Fi Money right now.
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About Fi Money
Industries
Fintech
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$133.3M
Headquarters
Bengaluru, India
Founded
2019
There are no jobs for Fi Money right now.
Find jobs on Simplify and start your career today