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Fi raises USD 50 mln in funding round

Monday 1 November 2021 10:32 CET | News

Fi, a neobank that offers digital bank accounts and financial guidance to working professionals, has raised USD 50 million in a new funding round.

This is its second funding round, valuing it at USD 315 million.

Fi aims to redesign some of the traditional savings products like fixed deposits or recurring deposits with its customised solution for working millennials. It also offers a debit card to users.

Currently, the bank accounts are powered by Federal Bank.


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Keywords: neobanks, funding, banks, debit card
Categories: Banking & Fintech
Companies:
Countries: India
This article is part of category

Banking & Fintech