Explore the latest news, in-depth reports, and executive analysis tagged with #Shutdown.
While the app will remain accessible until July 30, it will cease functioning thereafter.
The startup had raised $386,000 from Antler and Shastra VC at the pre-product and pre-business stage.
Fi had launched banking services in partnership with Federal Bank in 2021.
According to the company, it built $100mn in AUM in just over 24 months from launch and saw over 170 million users flow through Niro at peak.
The primary challenges that led to Plus Gold's closure included excessive operational expenses and the capital-intensive nature of the gold investment business.
Announcing the development, Ohm Mobility founder said the company is winding down operations after it failed to scale and sustain the business.
DotPe’s ambitious foray into financial services has come to a halt barely a year after launch, following a rapid build-up of lending volumes…
