Neobank Fi Money’s cofounder Sumit Gwalani steps down after six years
Published on: May 8, 2026, 9:24 p.m. | Source: The Economic Times
Fi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is shifting focus to AI and enterprise technology. Other cofounder Sujith Narayanan had previously announced business restructuring. This move impacts consumer-facing products and roles. The neobanking sector faces challenges with partnerships.
