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Feb 2026Fi announced a restructuring, sunset of some consumer products, and a pivot toward B2B tech services / AI, with roles impacted.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Fi (formerly epiFi) is a Bengaluru-based fintech/neobank that built a money-management app on top of Federal Bank’s infrastructure; in 2026 it began winding down app-based banking services and shifting toward AI and B2B enterprise tech.
Primary product
Fi Money app / digital money-management and neobanking platform (now being wound down as a consumer banking interface)
Founded
2019
Headquarters
Bengaluru, Karnataka, India
Team size
300-400
Work style
Flexible
Industry
Financial Services
Sub-industry
Neobanking / consumer fintech
Offices
Bengaluru, Karnataka, India (HQ)
Salarpuria Sattva Knowledge Court, Doddenakundi, KR Puram Hobli, Bengaluru, Karnataka 560048, India
Outer Ring Road, Bengaluru, Karnataka, India
Business model
Funding
Stage
Series C
Total raised
$137M
Latest round
Series C · Aug 2022
Latest amount
$16.8M
Aug 2022 · Temasek (V-Sciences Investment) and QCM Holdings
Jul 2022 · Alpha Wave Ventures / Alpha Wave Global
People & investors
Leadership
CEO & Co-Founder
Founding Member
Founding Member
Work & culture
Public employer branding emphasizes a no-nonsense, digital-first, privacy/security-focused, employee-first and inclusive culture with high-calibre builders.
Work style
Flexible
Compensation
No public salary bands were found; the clearest public compensation signal is strong referral rewards and an employee-first benefits posture.
Benefits
unlimited wellness leaves
free lunches
stocked pantry/snacks
medical benefits
employee referral rewards
Product & market
Pricing
Free consumer app; partner-bank products follow bank pricing, with premium tiers (Plus/Infinite) advertised for added perks; no public B2B/API price list found.
Differentiators
- —partner-bank neobank model rather than holding a banking license
- —unified savings / payments / investing / borrowing experience
- —automation and contextual insights (e.g. FIT Rules, Ask Fi)
- —fast digital onboarding and account aggregation
- —0-forex / premium card benefits on higher tiers
- —strong design-led UX and compliance emphasis
- —recent AI and B2B pivot
Technology
GCP
AWS
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
462.3K
Traffic estimate as of Jul 2026
Signals & risks
Shutdown
Mar 2026Fi said banking services on its app would be discontinued and customers should access savings accounts through Federal Bank’s FedMobile app.
SourceLatest news
The Economic Times · May 2026
Gwalani exited Fi after six years, following the company’s banking-service shutdown and strategic reset.
TechCrunch · Mar 2026
Fi said it is discontinuing banking services on its app and directing customers to Federal Bank’s FedMobile app, while saying the move is a realignment rather than a full shutdown.
The Economic Times · Feb 2026
Fi announced a restructuring, consumer-product sunsetting, and layoffs as it shifted from B2C neo-banking toward AI and B2B technology services.
Inc42 · Jul 2025
Inc42 reported cash pressure, product cutbacks, and layoffs, including more than 50 job cuts and a workforce below 100 at that point.