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.
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
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See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs 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).