Fintech startup Fi secures $45M in Alpha Wave Ventures-led funding round
Fintech startup Fi has secured $45 million in a round of funding. Alpha Wave Ventures led the round. Fi, a Bengaluru-based fintech startup, has announced a $45 million funding round led by Alpha Wave Ventures. This Series C round of funding comes after Fi raised $50 million in November 2021 at a valuation of $315 million. This round had the participation of B Capital Group and Falcon Edge. According to the Series C financing details, Fi's board of directors approved the allocation of 2,32,980 Series C Compulsory Convertible Preference Shares to Alpha Wave Ventures at an issue price of Rs 15,239.38 per share in order to raise Rs 355 crore ($45 million). The platform that assesses a user's financial health operates by constructing a digital layer over traditional banking ecosystems, allowing users to conduct all of their financial transactions, including peer-to-peer (P2P) payments, fund transfers, and bill payments, through its app. Ex-Google Pay executiv...