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FI NEOBANK
Neobank Fi Money’s cofounder Sumit Gwalani steps down after six yearsFi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is s...- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- Neobank Fi Money shuts down banking servicesThe neobanking startup, which is backed by Peak XV Partners and Alpha Wave Capital, was offering banking services in partnership with Keral...
- Fintech startup Fi pivots to focus on B2B tech services, plans layoffsIn a LinkedIn post, cofounder Sujith Narayanan said the company's senior leadership went through a period of "honest reflection" to mobilis...
- Neobanking startup Fi secures NBFC licence from RBIFi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers ...
- Neobank Zolve to expand to the UK, Australia and CanadaDelaware and Bengaluru-based startup Zolve provides bank accounts and credit cards to Indians looking to settle in the US.
- Neobanking company Fi’s revival hinges on its credit offeringsInternally, the Fi is experimenting with a new user onboarding flow called Fi Lite, where customers are not mandated to open a digital bank...
- Neobank Fi lays off 10% of workforce; lags behind on fiscal revenue targetThe layoffs have been undertaken to increase its cash runway from almost one and a half years currently to two years and are expected to im...
- What does the future of banking in India look like?The digital revolution in the banking and financial sector met the need for convenient services, altering customers' expectations of their ...
- Three trends that will define India’s fintech sector in 2023Neobank partnerships driving hyper-personalised financial products, AI-driven efficiency in digital lending services and wealth tech for ev...
- Neo-banking crypto startup Juno raises $18 million in funding led by ParaFi CapitalAccording to the company, it will be using the funds to beef up its US team across functions of compliance, regulation and marketing; launc...
- Neobank Fi marks financial services foray with mutual fundsFi will offer around 600 index funds and increase the number going forward, the company said at a virtual press conference on Thursday
- Govt De-Fies crypto hoarders; India’s 100th startup unicornTaxman could impose an additional 20% tax on such transactions and income.
- Traditional banks are using neobanks to reach out to tech-savvy customers: reportAccording to the Redseer report, collaboration benefits both, giving neobanks a strong footing and traditional banks access to young custom...
- Jupiter in talks for $100-million funding, valuation may doubleThis comes just three months after Jupiter, founded by Jitendra Gupta — who had founded Citrus Pay and later sold it to Prosus fintech arm ...
- Neobank Fi valued at $315 million after $50 million funding led by B CapitalThe latest funding comes after an intermediate capital infusion of about $12 million from existing investors, taking the total to $62 milli...
- Explained: Neobanks, the next evolution of bankingMany might confuse neobanks with digital banks. Both are similar in that they offer banking services through smartphones and other devices....
- Exclusive: Neobank Jupiter raises $45 million from Brazil's Nubank, othersJitendra Gupta's Jupiter is among several Indian fintech startups—including Open, EpiFi, Razorpay and Niyo—that have entered into the nasce...
- Google Pay creators launch neobank Fi for millennialsNeobanks are virtual banks that work online and do not have physical branches
- EpiFi scores $13 million in its seed roundFunding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
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