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FamPay

FamPay

A company offering a family-oriented payment application that enables teenagers to receive money from their parents and spend it digitally without opening a bank account.

OverviewStructured DataIssuesContributors

Contents

fampay.in
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Payment
Payment
Financial services
Financial services
E-commerce
E-commerce
0
Finance
Finance
Financial technology
Financial technology
Technology
Technology
Location
Karnataka
Karnataka
Bangalore
Bangalore
India
India
B2X
B2C
B2C
CEO
Kush Taneja
Kush Taneja
Founder
Kush Taneja
Kush Taneja
0
Sambhav Jain
Sambhav Jain
0
AngelList URL
angel.co/fampay
Pitchbook URL
pitchbook.com/profiles...295328-98
Legal Name
FamPay Inc
Accelerator
Y Combinator
Y Combinator
0
Accelerator Batch
‌
Y Combinator S19 Batch
0
Number of Employees (Ranges)
11 – 500
Email Address
hello@fampay.in
Number of Employees
1600
Full Address
FamPay, WeWork Prestige Cube, Hosur Rd, Adugodi, Bengaluru, Karnataka, India - 560095
Investors
Elevation Capital
Elevation Capital
Peak XV Partners
Peak XV Partners
Mohit Saxena
Mohit Saxena
Soma Capital
Soma Capital
Rahul Mehta
Rahul Mehta
Kunal Shah (entrepreneur)
Kunal Shah (entrepreneur)
Pioneer Fund
Pioneer Fund
Y Combinator
Y Combinator
0
...
Founded Date
2019
0
Total Funding Amount (USD)
89,741,383
Latest Funding Round Date
September 16, 2021
Board of Directors
Kush Taneja
Kush Taneja
Latest Funding Type
Series A
Series A
Wellfound ID
fampay
Country
India
India

Other attributes

Company Operating Status
Active
Funding Type
Pre-Seed
Pre-Seed
Y Combinator URL
ycombinator.com/compani...s/fampay0
Overview

FamPay is an Indian e-commerce payment system and financial technology company, based in Bengaluru, Karnataka, India.

Fampay was founded in August 2019 by IIT Roorkee graduates Kush Taneja and Sambhav Jain for teenagers and their families. FamPay works with NPCI to support online money transfers and serves as an electronic alternative money method like UPI and P2P. The company is partnered with IDFC Bank and is connected with RuPay payment network of merchants. As per the company, Fampay is a number-less debit card only for teenagers and their family.

In March 2020, FamPay raised an investment of $4.7 million in a seed round from Y Combinator, Venture Highway, Sequoia India, and Global Founders Capital.

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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Link
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Date
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