About Fi Money
Fi Money is a company based in Bengaluru (India) founded in 2019 by Neeraj Bhope, Prasanna Ranganathan, Sumit Gwalani, and Sujith Narayanan. It operates as a FinTech and Subscription Services. Fi Money has raised $146.48 million across 5 funding rounds from investors including Peak XV Partners, Temasek and Ribbit Capital. Fi Money offers products and services including Savings Account, Credit Cards, Debit Card, Instant Loans, and US Stocks Investment. Fi Money operates in a competitive market with competitors including Niyo, Freo, Avail Finance, OneBanc Technologies and Fyp Money, among others.
- Headquarter Bengaluru, India
- Founders Neeraj Bhope, Prasanna Ranganathan, Sumit Gwalani, Sujith Narayanan
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$146.48 M (USD)
in 5 rounds
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Latest Funding Round
$71.05 M (USD), Series C
Jul 19, 2022
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Investors
Peak XV Partners
& 27 more
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Employee Count
Employee Count
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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.
People of Fi Money
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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 Total Funding
- Total Rounds 5
- Last Round Series C — $71.1M
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First Round
First Round
(21 Oct 2019)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series C - Fi Money | Valuation | Alpha Wave Global | |
| Oct, 2021 | Amount | Series B - Fi Money | Valuation | Alpha Wave Global , Peak XV Partners | |
| Jun, 2021 | Amount | Series A - Fi Money | Valuation | Ribbit Capital , Peak XV Partners |
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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 |
|---|---|---|---|---|
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fi Money
Financial Statements - Fi Money
Fi Money Comparisons
Competitors of Fi Money
Fi Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Niyo, Freo, Avail Finance, OneBanc Technologies and Fyp Money, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for wealth management
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| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
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| domain | founded_year | HQ Location |
Neobank for individuals
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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| domain | founded_year | HQ Location |
Digital banking services for teenagers are offered via mobile app.
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| domain | founded_year | HQ Location |
Agent-based payment solutions for businesses are provided.
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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 Series A of $12.02M, raised on Oct 21, 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.