Other
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
B2C money-management / neobank app
bank-partner distribution for savings accounts and cards
lending and credit-product distribution
investments and wealth products
AI/B2B technology services (2026 pivot)
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
Nov 2021 · B Capital Group
Jun 2021 · Ribbit Capital and Sequoia Capital
Jan 2020 · Sequoia India and Ribbit Capital
People & investors
Leadership
CEO & Co-Founder
Founding Member
Founding Member
Founding Member
Founders
Co-Founder
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
gaming room
employee-first environment
equal opportunity workplace
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
Docker
Kubernetes
Terraform
OpenTofu
CI/CD
Temporal
Model Context Protocol (MCP)
AI-powered credit decisioning
Customers
digitally savvy Indian working professionals
urban millennials
existing and prospective Federal Bank savings-account users via Fi
customers seeking savings, credit, investing, and money-management in one app
publicly reported user base of 3.5M+ customers/users
Competitors
Jupiter
Niyo
Open
Slice
OneCard
SBI YONO
Kotak 811
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.
SourceOther
May 2026Cofounder Sumit Gwalani exited Fi after six years, following the banking-service wind-down and broader business realignment.
SourceLayoff
Jul 2025Inc42 reported over 50 layoffs, workforce reduction to under 100, weak monetisation, and runway pressure as Fi struggled to scale its consumer model.
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.
ETBFSI · Jun 2024
Fi deployed Scienaptic’s credit decisioning engine for faster underwriting and broader lending/non-lending decisioning use cases.
Jobs and careers at epiFi
11 jobs at epiFi
Product Marketing Intern - Tetriz
On-site
Marketing
Bangalore
1mo ago
On-site
Internship
Associate PMM — Tetriz
On-site
Marketing
Bangalore
1mo ago
On-site
Full-time
Member of Technical Staff (MTS) –Senior Core Full-Stack / Backend
On-site
Engineering
Bangalore
1mo ago
On-site
Full-time
GenAI Product Builder Intern
On-site
Product
Bangalore
2mo ago
On-site
Internship
DS / ML Engineer
On-site
DS/ML
Bangalore
2mo ago
On-site
Full-time
Ai Engg Intern
On-site
Engineering
Bangalore
2mo ago
On-site
Internship
DS/ML Intern
On-site
Bangalore
2mo ago
On-site
Internship
GTM - sales
Hybrid
Business
Bangalore
3mo ago
Hybrid
Full-time
Member of Technical Staff (MTS) – Core Full-Stack / Backend
On-site
Engineering
Bangalore
4mo ago
On-site
Full-time
Member of Technical Staff (MTS) – DevOps & Infrastructure
On-site
Tech
Bangalore
4mo ago
On-site
Founding GTM Lead, North America
Remote
Commercial
Bangalore
4mo ago
Remote
Full-time