DerpyLlama
DerpyLlama

How is Fi surviving?

Fi has a limited set of products but I wonder how are they surviving? Are things good? I think they don't spend on marketing so much as other startups. But still I have never seen anyone using a Fi product as well😅

22mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
WigglySushi
WigglySushi
Student22mo

Well probably surviving on fuking absurd charges for missing auto debit payments, had 400 in a/c. Missed auto debit sometime last month had 0 balance, this month topped up then out of nowhere they charged 387 ruppees 💀, they took my dinner fuk them I hope that startup dies

QuirkyMuffin
QuirkyMuffin

What do you think is the long term plan for all these neobanks? They’re clearly not making any revenue at this point

SquishyBanana
SquishyBanana
Fisdom22mo

Getting acquired by one of the big banks.

QuirkyMuffin
QuirkyMuffin

Impossible situation - their banking partner is federal, which is already partnered with atleast 10 startups, almost impossible for them to acquire Fi or Jupiter, if other banks acquire they will not want to work with federal, and replacing to their backend would be too complex, they might as well build a new digital only app

QuirkyPotato
QuirkyPotato

I use FI, can confirm it adds no value to my life.

You can just download the federal app. You can log in with your fi account there anyway and get better debit/credit options.

The points system is there I guess. I have 60k points after 1.5 years using the cards and can only get a 500inr Amazon voucher.

DerpyLlama
DerpyLlama

Yeah I assumed RBI regulations would lead to consolidation of these card-fintech start-ups but nothing until now. Slice, uni, fi all running still.

FuzzyBagel
FuzzyBagel

Same q, no idea.

CosmicMochi
CosmicMochi

I quit the app when it lost my money while transacting 2 times. The money went into black hole.

SqueakyNarwhal
SqueakyNarwhal
Blend22mo

I’ve no idea how they survive, but I like using Fi. I do all my daily transactions via fi while my salary acc is SBI. Every month I transfer whatever my budget for miscellaneous expenses is and use it from there I don’t trust it for big ticket transactions

GroovyTaco
GroovyTaco

Will jupiter get closed?

Discover more
Curated from across
Indian Startups
by GigglyBiscuitSoftware Engineer

What's up with SLICE ???

Got an offer from them 6 months ago . Didn't join as their business didn't look sound . They said to me that they are building a UPI app I was like phonpe & paytm are already there na ! I expected some layoffs from slice as they were gi...

Product Managers
by SnoozyWalrusProduct Manager

PM Interview at Fi

Has anyone been interviewed for a product role at Fi? Would love to know about your experience and what I should be expecting during the interview!

Thanks in advance. 🙌

Misc
Misc18mo
by SparklyNarwhalSoftware Engineer 2

Jupiter app

Has anyone used the Jupiter app? how was your experience in it. I'm seeing a lot of ads and people promoting it so was curious if it actually is that good or just spending money on paid ads.