Fi - About the company
Fi is a series C company based in Bengaluru (India), founded in 2019 by Sujith Narayanan, Sumit Gwalani, Neeraj Bhope and Prasanna Ranganathan. It operates as a Platform for managing finances, investments, and payments. Fi has raised $169M in funding from investors like Ribbit Capital, Peak XV Partners and B Capital, with a current valuation of $*****. The company has 105 active competitors, including 25 funded and 5 that have exited. Its top competitors include companies like Revolut, Jupiter and Niyo.
Company Details
Platform for managing finances, investments, and payments. The platform offers tools for tracking spending, automating payments, and accessing various financial products. Its products include savings accounts, mutual funds, and stocks. The platform provides features for managing rewards and accessing loans. It also provides debit and credit card services and tools for money management, expense tracking, and automated payments.
- Website
- fi.money
- Social
- Email ID
- *****@fi.care
- Phone Number
- +91 **********
- Registered Address
- Salarpuria Sattva Knowledge Court, Survey No. 77, Plot no.9, 06th Floor, Doddenakundi,KR P, uram Hobli, Bangalore, Bangalore East Taluk, Karnataka, India, 560048
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Series C
Total Funding
$169M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 28, 2022
Investors
Ranked
6th among 105 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
257 as on Jul 31, 2025
Legal entities associated with Fi
Fi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Epifi Technologies Private Limited CIN: U62099KA2019PTC124770 , India, Active | May 29, 2019 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 246 (As on Aug 01, 2025) | |
EPIFI WEALTH PRIVATE LIMITED CIN: U67100KA2020PTC134093 , India, Active | May 09, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Fi's funding and investors
Fi has raised a total funding of $169M over 5 rounds. Its first funding round was on Oct 21, 2019. Its latest funding round was a Series C round on Jul 19, 2022 for $*****. 5 investors participated in its latest round. Fi has 17 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Fi:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 19, 2022 | 8542721 | Series C | 8123317 | 9454341 | 9544811 | 1998726 |
Oct 08, 2021 | 1955361 | Series B | 8275402 | 7152838 | 3533907 | |
Jun 16, 2021 | 5577305 | Series A | 9112520 | 3026233 | 4431126 |
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Fi's founders and board of directors
Founder? Claim ProfileHere are the details of Fi's key team members:
- Sujith Narayanan: Co-Founder of Fi. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 phone number
- Sumit Gwalani: Co-Founder of Fi and founder of 2 other companies, EpiFi and epiFi. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
- Neeraj Bhope: Co-Founder of Fi and founder of 1 other company. Contact Info: 1 email address
- Prasanna Ranganathan: Co-Founder of Fi and founder of 1 other company. Contact Info: 2 email addresses and 1 phone number
Fi's Board of Directors
Fi's board has 4 active members. Sujith Narayanan, Sumit Gwalani and Utsav Mitra are part of team and Shailesh Lakhani is independent board member.Here is the list of Fi's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 11m | |
Team | - | Current | 6y 11m | |
Investor | Alpha Wave Global | Current | 1y 9m | |
yrnxivp | Independent board member | - | Past | 4y 8m |
View details of Fi's Founder profiles and Board Members
Fi's employee count trend
Fi has 257 employees as of Jul 25. The total employee count is 22.0% lower than what it was in Jul 24. Here is Fi's employee count trend over the years:
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Fi's Competitors and alternates
Top competitors of Fi include Revolut, Jupiter and Niyo. Here is the list of Top 10 competitors of Fi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 83/100 | |
2nd | Online platform offering a suite of financial services | $201M | 77/100 | ||
3rd | Platform offering zero-forex markup international debit and credit cards for travel and cross-border transactions | $179M | 75/100 | ||
4th | Provider of digital banking solutions for individuals | $187M | 71/100 | ||
5th | Neobank for individuals | $46.3M | 69/100 | ||
6th | Platform for managing finances, investments, and payments | $169M | 65/100 | ||
7th | NSDL Payments Bank 2015, Mumbai (India), Unfunded | Platform offering digital banking solutions for consumers | - | - | 64/100 |
8th |  Unity Small Finance Bank 2021, Delhi (India), Unfunded | Provider of personal, business, and inclusive banking services and products | - | - | 64/100 |
9th | Paytm Payments Bank 2017, Noida (India), Series A | Platform offering digital bank solutions for individuals and business | $9.3M | 63/100 | |
10th | Digital credit platform providing financial solutions to underserved small- and micro- retailers | $147M | 61/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Fi's competitors? Click here to see the top ones
Fi's Latest cap tables and shareholding
Founders own 34.24%, Funds (largest shareholder) own 46.76%, Enterprises own 5.88% and Angels own 0.36%. The net worth of Fi's founders is INR 1,480Cr as of Oct 28, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 34.24% | 1,480Cr | 6586151 | 9795327 | 3080593 | 3600405 |
8850502 | 1132502 | 1084282 | 6383615 | 9817462 | 6173562 | |
5915843 | 6774364 | 5214127 | 7479245 | 5041797 | 7656884 | |
Fund | 46.76% | 2,020Cr | 4886774 | 8038245 | 1966194 | 2859726 |
5964729 | 2429268 | 7886170 | 1168272 | 3796101 | 2966991 | |
5851993 | 1777909 | 5783798 | 9270241 | 7998099 | 4151534 | |
22 | 35 | 93 | 65 | 15 | 68 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 5.88% | 254Cr | 56043 | 23302 | 65622 | 88893 |
Angel | 0.36% | 15.2Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 12.67% | 547Cr | 3151183 | 2238061 | 8894317 | 4907115 |
Other Investors | 0.10% | 4.33Cr | 0 | 0 | 0 | 0 |
Total | 100.00% | 4,320Cr | 8209279 | 7791237 | 5392798 | 3468782 |
To unlock detailed Cap Table of Fi Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Fi's Shareholding
Fi's Investments and acquisitions
Fi has made no investments or acquisitions yet.
News related to Fi
Filter this listMedia has covered Fi for a total of 11 events in the last 1 year, 8 of them have been about company updates and 2 about people movement.
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Zoom Room Dog Training Partners with Fi to Bring Dog Fitness Tracking NationwidePet Age•Jan 06, 2026•Fi, Zoom Room
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More than 30 Indian neobanks tap partner banks to scale branchless servicesIndiatimes•Sep 18, 2025•Fi, Niyo, Open, NeoGrowth and 1 other
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Neobanks diversify into cards, payments, investment businesses amid struggle to offer core banking services
Moneycontrol•Jul 29, 2025•Jupiter, Citrus Pay, PayU, CRED and 1 other
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Fi Money launches AI feature for personal finance queries using ChatGPT and Gemini.Moneycontrol•Jul 07, 2025•Fi, ChatGPT
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Fi Money debuts MCP server to power AI-driven personal finance experiencesExpress Computer•Jul 07, 2025•Fi
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