Neo-banking platform Fi raises $17-M from Temasek, QCM Holdings

Bengaluru-based neo-banking platform Fi.Money (operated by epiFi Technologies) has raised USD 15 million from Temasek Holdings (via V-Sciences Investments Pte Ltd), and USD 2 million from existing investor QCM Holdings. The fundraise is a part of the larger Series C round in which the startup had raised USD 45 million from existing investor Alpha Wave Global in June. Founded in 2019, Fi offers digital bank accounts and financial guidance to working professionals. It offers products such as a zero-balance savings account and helps its users track spending and organise their funds. This latest fund infusion takes Fi's total fundraise to USD 137.2 million, with investors including Ribbit Capital, Sequoia Capital India and B Capital.