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NeoBank Fi in talks to raise $70-M Series C round: report

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Bengaluru-based neo banking platform Fi (formerly epiFi) is in talks with Private Equity firm Multiples to potentially lead a $60-70 million Series C round at a valuation of about $600 million. Fi is also in talks with Alpha Wave and Temasek for the Series C round. The startup provides millennial-focused digital banking solutions with saving accounts. The company was valued at $325 million when it raised $50 million led by B Capital (in Nov-21).