Neobank Fi finalizing funding at $700 million valuation
TechCrunch
APRIL 16, 2022
Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter. Alpha Wave Global, formerly known as Falcon Edge Capital, is leading the round, sources said. Singapore’s Temasek is also in talks to invest in the new round, one of the sources said. Fi, a two-year-old startup consisting of payments and other consumer tech executives from Google, Netflix and PayPal, declined to comment on Saturday.
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