Neobank Fi raises $45 Mn from Alpha Wave Ventures In ongoing Series C round
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Bengaluru-based neobanking startup Fi (formerly, epiFi) has raised $45 Mn in its ongoing Series C funding round led by Alpha Wave Ventures. Fi’s board has passed a resolution to allot 2,32,980 Series C Compulsory Convertible Preference Shares (CCPS) to the investor at an issue price of INR 15,239.38 per share to raise INR 355 Cr ($45 Mn). The round comes at the heels of the startup raising $50 Mn in its Series B round in November 2021.