India, May 9 -- Fi Money cofounder Sumit Gwalani has exited the startup after six years amid the neobanking startup's financial challenges and B2B pivot.

"That chapter is closing. What it taught me will shape the next one. Next chapter: AI for the enterprise intelligence problems I lived at Fi," Gwalani said in a LinkedIn post announcing his exit, hinting at his next venture.

As per his LinkedIn profile, he is currently the cofounder of a stealth startup since March this year.

Founded in 2019 by former Google Pay executives Sumit Gwalani and Sujith Narayanan, Fi Money started as a digital-first neobanking platform offering savings accounts, loans, investments and wealth products.

Since its inception, it has raised over $137 Mn from in...