Friday, 24 March, 2023

Co-creator of Google Pay launch neobank in India

<p>Google Pay&#39;s Co-creator Sujith Narayanan and Sumit Gwalani have launched neobank in association with Federal Bank. Neobanks are virtual banks and do&#39;s have any physical presence. Founded in 2019, Fi to date has raised $13.5 mn led by Sequoia India and Ribbit Capital. The fintech firm aims to have half a million users this year. India has around half a dozen neobanks including SBI&#39;s YONO and Kotak Mahindra&#39;s 811.<br /> <br /> <br /> &nbsp;</p>