Fi, a neo-bank for working professionals, has raised $50 million at a valuation of $315 million from B Capital Group, Falcon Edge, and others in addition to an earlier interim round with existing investors Sequoia Capital and Ribbit Capital.
The app aims to fix banking-related pain points experienced by today’s mobile-first generation.
The latest round boosts valuation seven times over, from their Series A round in 2020 that valued Fi at $45 million.
