# Fi.Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fi-money

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.fi.money
- Total disclosed funding: $120M
- Latest round: Series C (Jul 22, 2022)
- Investors on record: 5

## About

Fi.Money is a financial technology company based in India, focused on providing innovative solutions for personal finance management through a comprehensive mobile application designed for consumers and businesses.Founded in 2019 in Bangalore, India, Fi.Money is operated by epiFi Technologies Pvt. Ltd., which specializes in financial technology solutions. The company was co-founded by Darina Strelchenko, Sujith Narayanan, and Sumit Gwalani. In December 2022, Fi.Money raised USD 75 mn in Series C funding, bringing their total amount raised to USD 75 mn and the current company valuation to USD 550 mn.The company's primary offerings include a mobile application that features budgeting tools, expense tracking, and insights into spending habits, aimed mainly at millennials and Gen Z users. The platform allows seamless integration with various financial accounts, providing users with a comprehensive view of their financial landscape.For the year 2023, Fi.Money generated revenue of USD 4.74 mn. The company's revenue model is primarily based on subscriptions, offering users access to premium features through monthly or annual plans. Additionally, partnerships with financial institutions contribute to their revenue through revenue-sharing agreements.Fi.Money plans to launch new features and enhancements in their mobile application, strategically targeting the North American and Western European markets for expansion by the end of 2023. The recent Series C funding of USD 75 mn will be utilized to support these product developments and broaden their market presence.

## Funding rounds

- Series C, Jul 22, 2022, $45M — Alpha Wave Global
- Series B, Oct 26, 2021, $50M — Hong Shan, Alpha Wave Global, Ribbit Capital, B Capital
- Series A, Jun 16, 2021, $12M — Hong Shan
- Series A, Oct 21, 2019, $13M — Hong Shan, Hillhouse Investment, Ribbit Capital

## Investors

- Hong Shan — Series A, Series B
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series B, Series C
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B