India, Feb. 10 -- Neobank Fi Money is restructuring its business and moving away from some of its consumer-facing products to focus on AI and enterprise technology, cofounder Sujith Narayanan said.

The move comes at a time when Fi is short on cash and rethinks where it can build a sustainable business. As part of the reset, the Bengaluru-based startup will sunset some products and cut roles across teams.

Fi started as a digital-first consumer banking platform and gained early attention for its design-led app, savings tools and fraud protection features. However, not all of its bets worked out as planned, Narayanan said in a LinkedIn post.

Following a review, Fi has now decided to focus on building AI-driven systems for startups and lar...