epiFi, a tech startup for digital natives, has raised $13.2mn in seed funding round led by Sequoia India and Ribbit Capital. The round also saw participation from Hillhouse Capital and angel investors, including David Velez (Founder of Nubank), and Kunal Shah (Founder and CEO of Cred). The company was founded by Sujith Narayanan and Sumit Gwalani in 2019.
The company will utilize these funds to invest in and build its core technology platform, drive sales and marketing initiatives and expand its technology team.
In a media statement, Sujith Narayanan, Co-founder of epiFi, said, “Millennials are a digital-first generation who are reshaping the world’s economy, pushing companies to reexamine the way they do business. When it comes to banking, they are looking for a personalised, flexible and transparent experience with minimal friction. Through epiFi, our mission is to provide digital natives a new-age platform that uses customer insights and deep tech to simplify their banking journey and help them take a big step towards achieving financial freedom.”
epiFi is a fintech startup that provides digital banking solutions for digital natives across India. It’s mission is to help customers demystify their finances, optimise their savings and enable them to make informed financial decisions.
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