INSUBCONTINENT EXCLUSIVE:
three top VC funds.Sujith Narayanan, a veteran payments executive who co-founded Google Pay in India (formerly known as Google Tez), said on
Monday that his startup, epiFi, has raised $13.2 million in its seed financial round led by Sequoia India and Ribbit Capital
The round valued epiFi at about $50 million.David Velez (the founder of Brazil-based neo-banking giant Nubank) Kunal Shah (who is building
his second payments startup CRED in India) and VC fund Hillhouse Capital also participated in the round.The eight-month-old startup is
working on a neo-banking platform that will focus on serving millennials in India, said Narayanan, in an interview with A Technology News
understand how they are spending money, and guide them to make better investments and increase their savings, he said.At this moment, it is
unclear what the convergence of all of these features would look like
co-founder and chief product and technology officer
Gwalani previously worked as a director of product management at Google India and helped conceptualize Google Tez
In a joint interview, Gwalani said the startup currently has about two-dozen employees, some of whom have joined from Netflix, Flipkart and
PayPal.Shailesh Lakhani, managing director of Sequoia Capital India, said some of the fundamental consumer banking products, such as
for the first time.In recent years, scores of startups and Silicon Valley firms have stepped in to help Indians pay digitally and secure a
range of financial services
And all signs suggest that a significant number of people are now comfortable with mobile payments: More than 100 million users together
of startups are also attempting to address some of the challenges that small and medium-sized businesses face
