It claims to be a neo bank same as Jupiter and Fi. If you look at their website, FM.money, It says it complies with all RBI guidelines and their banking partner is Yes Bank. It lists Bullet paylater app as their product, which is actually a product of Jupiter. Their Career Page social Handle page nothing is working .
This is experience of one user taken from forum I tried opening an account and surprisingly a Yes Bank account number got generated, without even a single OTP verification. Added some money thru UPI in it, and it got added. Now account got logged out automatically and after that no OTP comes ever when I try to login. Their support email id is not working as emails sent to thm bounces back. Contacted Yes Bank, they said they donโt have any tieup with such bank.