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Fi Money cofounder Sumit Gwalani exits

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Cofounder Sumit Gwalani left after six years to launch an AI enterprise intelligence startup

Fi Money is pivoting from consumer neobanking to B2B AI and enterprise technology

The startup raised over $137 Mn from investors like Peak XV Partners and Ribbit Capital

Sujith Narayanan, cofounder of Fi Money, announced the pivot from consumer neobanking to B2B AI and enterprise technology.
Gwalani was a former Google Pay executive and cofounded Fi Money in 2019 with Sujith Narayanan.
His next venture is a stealth startup in AI for enterprise intelligence, started in March 2026.
Fi Money shut down its banking services (partnered with Federal Bank) in March 2026.
The company is pivoting from consumer neobanking to B2B AI and enterprise technology.
Cofounder Narayanan said in February 2026 that Fi is restructuring, sunsetting some consumer products and cutting roles.
Fi Money has not raised fresh capital in recent years.

India's neobanking sector relies on bank partnerships and lacks independent banking licences.
Fi Money faced high cash burn, slow revenue growth and weak monetisation in its lending business.
The pivot to B2B AI reflects a broader shift away from consumer neobanking.

Fi Money started as a digital-first neobanking platform.
It offered savings accounts, loans, investments and wealth products.
It operated as a loan distributor for RBI-registered lenders, not as an NBFC itself.
The company is now moving from consumer neobanking to B2B AI and enterprise technology.