JSA advised B Capital in respect of its Series B investment in EpiFi Technologies Private Limited (“Epifi”), a neo-banking start-up that provides a unique and new consumer banking experience through its mobile application ‘Fi Money’.
Post the fund raise, Epifi will be valued more than US$ 300 million. Fi Money is one of its kind unique app which allows its users to open a bank account on the app directly and manage their spends and monies better. One of the unique features is tracking (and moderating) spends by the individuals on e-commerce apps. At the backend, Epifi has partnered with Federal Bank for opening of bank accounts. Fi Money is one of the globally top ranked online platforms where one can open a bank account with minimum number of clicks.
The deal value was US$ 50 Million
JSA team comprised Lead Partner – Manvinder Singh, Senior Associate – Anant Mishra, Associate – Parnik Saxena and Vishakha Singh.
Manvinder has a practice of more than 20 years and specializes in acquisitions, private equity investment and business restructuring. Manvinder regularly advises leading global private equity funds in structuring and concluding their investments in Indian companies.