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<br>Fi is a secure platform built as a digital layer over a traditional bank,<br>currently in partnership with Federal Bank, to provide integrated financial<br>services.
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Fi is a neobank created for working professionals. The app aims to fix banking-related pain points experienced by today’s mobile-first generation. Its objective is to change the way people perceive and interact with their money. Some users have even dubbed it as Banking 2.0. Fi is a secure platform built as a digital layer over a traditional bank, currently in partnership with Federal Bank, to provide integrated financial services. New banking partners are expected to be added over the coming months. The banking experience features a smart zero-balance savings account, a zero-forex VISA-powered debit card, fixed deposits, and smart deposits. In addition, the app leverages the latest in fintech with innovative features like automated saving rules and a Natural Language based digital financial assistant called Ask.Fi that answers questions for users like, “How much did I spend on ordering food this month?“. Founded in 2019, the Bangalore-based fintech company is currently valued at $315 million after a Series B round of funding with Sequoia, Ribbit Capital, Falcone Edge and B Capital as investors. It’s owned by the parent company epiFi Technologies. Fi’s founders comprise ex-Googlers who pioneered GPay - Sujith Narayanan and Sumit Gwalani. The extended founding team comes from tech startups like Netflix, and PayPal, distilling decades of tech and banking wisdom into Fi.