About Fi Money
Fi Money is a Financial Services company based in Bengaluru (India) founded in 2019 by Neeraj Bhope, Prasanna Ranganathan, Sumit Gwalani, and Sujith Narayanan. It operates as a finances, investments, and payments are managed via an integrated platform. It operates on a FinTech and Subscription Services model. Fi Money has raised $146.48 million across 5 funding rounds from investors including Peak XV Partners, Temasek and Ribbit Capital. Fi Money was last valued at $524.46 million in July 2022. Its chief executive is Ivan Sidorenko. Its website fi.money draws about 609 thousand monthly visits. Fi Money offers products and services including Savings Account, Credit Cards, Debit Card, Instant Loans, and US Stocks Investment. Its focus areas include Digital Banking and FinTech. Its competitors include Niyo, Freo, Avail Finance, OneBanc Technologies and Fyp Money and 1 more; 6 of its 6 listed competitors have raised funding.
Company details
Fi Money is established as a digital banking and wealth management platform. Services are provided in areas such as savings accounts, credit and debit cards, instant loans, and investment opportunities in US stocks. Solutions are tailored for individual financial management with features like AI-driven financial advice, automated rules, and rewards programs. The platform is operated in partnership with Federal Bank for secure banking services, focusing on user-centric digital experiences in the financial sector.
- Total Equity Funding$146.48M (USD)
in 5 rounds
- Latest Funding Round$71.05M (USD), Series C
Jul 2022
- InvestorsPeak XV Partners
& 27 more
Associated legal entities of Fi Money
Fi Money is associated with 3 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Epifi Wealth Private Limited CIN U67100KA2020PTC134093 | Active | 09 May 2020 | Bangalore, Karnataka | ₹3.7 Cr | – | 2 | View details |
| Epifi Technologies Private Limited CIN U72900KA2019PTC124770 | Active | 29 May 2019 | Bangalore, Karnataka, India | $8.0M | – | – | View details |
| Epifi Technologies Private Limited CIN U62099KA2019PTC124770 | Active | 29 May 2019 | Bangalore, Karnataka | ₹76.6 Cr | 307 | 3 | View details |
Products & Services of Fi Money
Fi Money offers a comprehensive portfolio of products and services, including Savings Account, Credit Cards, Debit Card, Instant Loans, and US Stocks Investment.
A rewarding savings account is offered for users.
Various credit cards are provided for financial needs.
A debit card is available for seamless transactions.
Instant loans are offered with digital processing ease.
Investment in US stocks is facilitated for users.
Apps and channels of Fi Money
Fi Money publishes 1 mobile app with over 10M+ downloads.
Funding Insights of Fi Money
Fi Money has successfully raised a total of $146.48M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $71.05 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $146.48M
- Total Rounds 5
- Last Round Series C β $71.05M
- First Round $13.18M
(Oct 2019)
- Investors Count 28
All 5 funding rounds of Fi Money with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $71.05M | Series C | $524.46M | Alpha Wave Global | |
| Oct 2021 | $50M | Series B | $312.07M | Alpha Wave Global, Peak XV Partners | |
| Jun 2021 | $12.02M | Series A | $β’β’β’β’β’ | Ribbit Capital, Peak XV Partners | β |
| Jun 2020 | $225,891 | Series A | $β’β’β’β’β’ | Rainmatter, B Capital | |
| Oct 2019 | $13.18M | Seed | $β’β’β’β’β’ | Ribbit Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $524.46M | β’β’β’β’β’β’β’β’ |
| Oct 2021 | $312.07M | β’β’β’β’β’β’β’β’ |
| Jun 2021 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Jun 2020 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Oct 2019 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of Fi Money
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $524.46M (Jul 2022). 28 investors in total: 17 institutional and 11 angel.
Investors in Fi Money
Fi Money has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Peak XV Partners, Temasek and Ribbit Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on growth-stage companies | – | alphawaveglobal.com | New York, United States | |
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Investments are managed by Quiet Capital in New York. | – | quiet.com | New York, United States | |
Multistage investments are directed toward technology, healthcare, and climate sectors. | – | b.capital | Manhattan Beach, United States | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Venture capital fund focused on multiple sectors | – | oceanviewinvestment.tcc.mode | - | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Indian fund focused on fintech, health, and climate initiatives. | – | rainmatter.com | Bengaluru, India | |
Global private equity investments are managed with long-term focus. | – | hillhouseinvestment.com | New York, United States |
Investor details for Fi Money
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Fi Money
The boards of the 2 registered companies of Fi Money currently have 3 directors; the longest-serving is Sumit Gwalani, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Gwalani DIN 08466772 | Whole-time director | 09 May 2020 | 6 yrs 5 mo | Epifi Wealth Private Limited, Epifi Technologies Private Limited |
| Sujith Narayanan Kutty DIN 08291802 | Director | 09 May 2020 | 6 yrs 5 mo | Epifi Wealth Private Limited, Epifi Technologies Private Limited |
| Utsav Mitra DIN 08958349 | Nominee Director | 15 Jul 2024 | 2 yrs 3 mo | Epifi Technologies Private Limited |
People of Fi Money
25 people are tracked at Fi Money (13 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Ivan Sidorenko | CEO | Leadership |
Auro Lakshman | Associate Director Program Management | Leadership |
John Freeman | Director | Leadership |
Sarun Ramachandran | Head Of Design | Leadership |
Maithreyi Sairam | Human Resources Business Partner | Leading AI Adoption | Leadership |
Richard Rufus | Associate Director | Leadership |
Anurag Patnaik | Director - People & Culture | Leadership |
Srinivas R | Head Of Operations | Leadership |
Janaki B | Director Talent Acquisition | Leadership |
Muhammad Awais | Graphic Designer | Team |
Anshuman Dash | Business Partnerships Manager | Team |
Designer Kamrul | Wordpress Designer | Team |
Chetan Bagri | Operations Stratergy And Process Excellence | Team |
Swati Sen | Executive Assistant - People & Culture | Team |
Pushpa Latha | Senior Specialist - Operations | Team |
Ambika Goel | Strategy - Credit Cards | Team |
5 more people are available in the full profile.
Complete people profiles for Fi Money
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Fi Money
Figures of Epifi Wealth Private Limited, the primary company behind Fi Money, for FY 2025. Revenue was ₹3.68 Cr (+30% year on year). Net profit was ₹27.2 Lakh (7% margin). EBITDA was ₹27.2 Lakh (7% margin). Revenue has grown at a compounded annual rate of +971% over three years.
- ₹3.68 CrRevenue · FY 2025 · +30% YoY
- ₹27.2 LakhNet profit · 7% margin
- ₹27.2 LakhEBITDA · 7% margin
- ₹5.50 CrPaid-up capital
- +971%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Epifi Wealth Private Limited are on its company page.
Detailed financial statements for Fi Money
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Fi Money
4 dated milestones of Fi Money across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Fi Money is founded.
- Funding First funding round of $13.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $71.1M.
Competitors of Fi Money
Fi Money has 6 listed competitors in our database, 6 of them funded. They include Niyo, Freo, Avail Finance, OneBanc Technologies and Fyp Money, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goniyo.com | 2015 | Bengaluru, India | $179.35M | 410 | Online platform for wealth management | |
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals | |
| onebanc.ai | 2019 | Gurugram, India | $8.34M | 34 | AI-powered online banking solutions are integrated with HR workflows. | |
| fypmoney.in | 2021 | Gurugram, India | $2M | 15 | Digital banking services for teenagers are offered via mobile app. | |
| rapipay.com | 2018 | Delhi, India | $24M | 606 | Agent-based payment solutions for businesses are provided. |
Detailed competitors of Fi Money
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Fi Money
The website of Fi Money (fi.money) receives about 608.5K visits a month and ranks #110,861 among all websites worldwide, #6,968 in Investing.
- Monthly visits608.5K
▲ 27.3% vs previous month
- Unique visitors281.8K
per month
- Global rank#110,861
among all websites
- Category rank#6,968
Finance · Investing
- Bounce rate43%
- Pages per visit2.1
- Average visit1 min 10 sec
- DevicesDesktop 20% Β· Mobile 81%
Websites whose visitors overlap most with Fi Money. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| groww.in | 100% | 60M | #754 | View details | |
| jupiter.money | 93% | 502.2K | #104,968 | View details | |
| personalfn.com | 89% | 75.2K | #517,107 | View details | |
screener.in | screener.in | 83% | – | #1,968 | β |
| thefinancepoint.com | 79% | – | #3,660,604 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Fi Money
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- 40 similar websites
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Fi Money (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Fi Money
Complete news archive for Fi Money
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Frequently Asked Questions about Fi Money
Fi Money was founded in 2019.
Fi Money is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ivan Sidorenko is the current CEO of Fi Money.
Fi Money is a funded company, having raised a total of $146.48M across 5 funding rounds to date. The company's 1st funding round was a Seed of $13.18M, raised on Oct 2019.
Fi Money is established as a digital banking and wealth management platform. Services are provided in areas such as savings accounts, credit and debit cards, instant loans, and investment opportunities in US stocks. Solutions are tailored for individual financial management with features like AI-driven financial advice, automated rules, and rewards programs. The platform is operated in partnership with Federal Bank for secure banking services, focusing on user-centric digital experiences in the financial sector.
Fi Money's top competitors include Freo, Niyo and OneBanc Technologies.
Fi Money offers Savings Account, Credit Cards, Debit Card, Instant Loans, and US Stocks Investment.
Fi Money has 28 investors. Key investors include Peak XV Partners, Temasek, Ribbit Capital, Alpha Wave Global, and Quiet Capital.
The valuation of Fi Money is $524.46M as of Jul 2022.
Fi Money is associated with 2 legal entities: Epifi Wealth Private Limited, Epifi Technologies Private Limited.
The legal entities of Fi Money currently have 3 directors, including Sumit Gwalani, Sujith Narayanan Kutty, Utsav Mitra.
Yes. Fi Money publishes Fi Money: Save, Pay & Invest, with over 10 million downloads.