Neobank Fi raises $50-M led by B Capital, Falcon Edge

Bengaluru-based neobanking service Fi (owned by the 2019-founded epiFi Technologies) has completed its Series B round led by B Capital and Falcon Edge Capital, that valued the company at USD 315 million (7x its Series A valuation at USD 45 million). The Fi app, access to which has now been opened to all, claims to have over a million users registered on its waitlist to open a savings account, which is an instant, zero-balance account with a debit card issued in partnership with Federal Bank.