Neobank startup Fi raised $16.84 million in Series C from V-Sciences Investment and others

Neobank startup Fi raised $16.84 million as part of its Series C from V-Sciences Investment, an entity of Temasek, where existing investor QCM Holdings also participated.

India’s financial ecosystem is currently being digitalized by Neobank. By connecting with banks, it enables users to track and manage their money. It seeks to alleviate users’ banking problems. Additionally, Fi provides working individuals with mutual fund investing alternatives and zero balance savings accounts through its mobile-based app. By 2025, the country’s fintech market is anticipated to reach $1.3 Tn.