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About Fi Money
Industries
Fintech
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$137M
Headquarters
Bengaluru, India
Founded
2019
Overview
Fi Money is a digital platform designed to help individuals manage their personal finances easily. It offers a user-friendly interface that works across various platforms, including Android, iOS, and web, allowing users to access their financial information from anywhere. The platform generates unique links for sign-ups, making it accessible to a wide audience. Fi Money focuses on creating a seamless experience to engage and retain users in a competitive fintech market. While the exact revenue model is not detailed, it likely includes earning commissions from financial transactions and forming partnerships with financial institutions. The goal of Fi Money is to simplify financial management for its users.
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 offers Fi Money integration opportunities.
- Increased demand for digital banking boosts Fi Money's user base potential.
What critics are saying
- Fi Money laid off 10% of its workforce, impacting operational efficiency.
- Increased competition in P2P lending could limit Fi Money's market share.
- Reliance on continuous funding rounds poses financial sustainability risks.
What makes Fi Money unique
- Fi Money offers zero balance savings accounts and commission-free mutual funds.
- The platform allows users to connect multiple bank accounts for seamless management.
- Fi Money provides a user-friendly interface across Android, iOS, and web platforms.
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Funding
Total Funding
$137M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Flexible Work Hours
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 1%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.
Fi Money is Hiring for 11 Jobs on Simplify!
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UI/UX & Design
1 Open Roles
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About Fi Money
Industries
Fintech
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$137M
Headquarters
Bengaluru, India
Founded
2019
Fi Money is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today
UI/UX & Design
1 Open Roles
People & HR
1 Open Roles
People Also Viewed
Discover companies similar to Fi Money