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NBFC licence: Neobanking startup Fi secures NBFC licence from RBI

Fi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers loans and additional financial services.

Sujith narayananSumit gwalaniIndian school of businessOffering collegeCertificate programme in data science machineReserve bankTech prowessHigh value skillData scienceRibbit capitalAlpha wave globalOne cardUni cardsNbfc licenceNeobanking startupLending business

Peak XV, Temasek-backed Fi is the latest fintech to get NBFC licence

Last valued at $520 million in July 2022, the neobanking company s revenue came in at Rs 1.27 crore in FY21 and Rs 25.6 crore in FY22, data from PrivateCircle shows

Jitendra guptaSujith narayanSujith narayananSumit gwalaniPrivatecircle researchReserve bankCitrus payPeak xv

Fi Money losses widen to Rs 301 Cr, expenses balloon to Rs 365 7 Cr

Fi Money losses widen to Rs 301 Cr, expenses balloon to Rs 365 7 Cr
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Sujith narayananSumit gwalaniSequoia capitalEpifi technologies privateEpifi technologies private limitedRibbit capital

FI MONEY LOSSES WIDEN TO RS 301 CR, EXPENSES BALLOON TO RS 365 7 CR

In the fintech industry, Fi Money, formerly known as Epifi Technologies Private Limited, is causing a stir. Established in 2019 by Sujith Narayanan and Sumit Gwalani, this neo-banking platform has experienced a fascinating path filled with both successes and setbacks.

Sumit gwalaniSujith narayananSequoia capitalEpifi technologies privateEpifi technologies private limitedRibbit capitalPossible impact

neobanking company fi: Neobanking company Fi s revival hinges on its credit offerings

Internally, the Fi is experimenting with a new user onboarding flow called Fi Lite, where customers are not mandated to open a digital banking account anymore, rather can directly opt for credit products. Fi is also planning to rejig its one-time joining fee of Rs 2,000 for credit card customers to expand its card base.

Sumit gwalaniSujith narayananNorthwestern universityIndian school of businessFirst bankOffering collegeB capital groupTech prowessHigh value skillPost graduate certificateGoogle payFederal bankRibbit capitalReserve bankNeobanking company fiFi credit offerings

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