Best Fi alternatives

#1 alternative

Jupiter

active

Indian money app on a partner-bank current account.

4.3

Bengaluru · 8M+ · ~$130M raised

6.9Mixed

Buy Jupiter for the app. Read the partner-bank line for the deposit. Same rule as Fi.

Best for: Urban Indian users who want a prettier Federal Bank account.

Licence

Partner-bank / NBFC stack

Protection

DICGC on the partner scheduled bank, up to ₹5 lakh — not on the Jupiter brand

Monthly

Free core · metal/credit extras paid

#2 alternative

Niyo

active

Indian forex and salary card for people who actually leave the country.

4.0

Bengaluru · 4M+ · ~$90M raised

7.1Solid

Pick Niyo for the trip. Pick a scheduled bank for the salary. Do not confuse the two in an alternatives table.

Best for: Indian travellers and NRI-adjacent users who want a forex card, not a full bank.

Licence

Forex / partner-bank

Protection

Partner-bank DICGC where a bank balance exists; forex wallets differ

Monthly

Product-dependent; forex cards often zero annual

#3 alternative

Scapia

active

Indian travel credit card. Zero forex, Federal Bank issued.

4.4

Bengaluru · 3M+ · Series B-era

7.5Solid

Scapia is the Indian travel-card answer, not a current account. Put it next to Niyo (forex prepaid) and a scheduled-bank salary account. Do not list it as a neobank deposit.

Best for: Indians who want a travel credit card with a named scheduled-bank issuer.

Licence

Credit card issued by a scheduled bank

Protection

Not a deposit account. There is no DICGC on a credit-card limit. Federal Bank is the issuer of the card.

Monthly

Nil joining / annual on the core travel card (confirm live offer)

#4 alternative

Slice

active

Indian UPI credit card that wanted to be a neobank.

4.1

Bengaluru · 10M+ · ~$250M raised historically

6.3Mixed

Treat Slice as a credit rail. If you need DICGC, open a scheduled bank.

Best for: Indian users who want UPI credit, not a savings account.

Licence

Credit / partner-bank

Protection

Credit product first — not a DICGC savings account

Monthly

Card-dependent

#5 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#6 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0