Go Back

FAMPAY SOLUTIONS PRIVATE LIMITED

FamPay

U74999KA2019PTC122125

Get Comprehensive Report

₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Jan 17, 2025
Key Metrics
  • No. of Employees164
  • Founded Year 2019
  • Company StagePrivate Limited Company
  • Total Funding₹314.34 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About FamPay

FamPay offers India's first online and offline card payments for teenagers! FamPay helps teens to make payments, online and offline through the FamCard, exclusively for teens. Their aim is to drive the smart generation from cash to digital, all without a bank account, through a family-friendly, safe app. Teens can now make secure payments, after ensuring their parents and they themselves have completed their KYC verification. FamPay ensures the highest safety and security for its users.

Business Model

FamPay operates as a neobank that enables teenagers to use semi-closed system prepaid instruments of IDFC First Bank. It allows users to make online (UPI & P2P) and offline payments without a bank account.

Top Competitors
JU
JunioU72900DL2020PTC369181
WA
WalrusU72900KA2019PTC125454
YO
YodaaU65190MH2014PTC258991
FU
FunngroU72900MH2021PTC361215
SL
SlonkitU29253MH2010PTC204370
FamPay Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹314.34 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors3
Investors
  • Elevation Capital, Peak XV Partners, Venture Highway
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
FamPay Financial Details
Financial Highlights
FY 2023-24 Revenue₹25.17 Cr
FY 2023-24 Expenses₹38.68 Cr
FY 2023-24 Profit/Loss-₹13.52 Cr
Net Cash Flow From Operations-₹17.96 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
FamPay Key People
People Metrics
Current Core Team2
Board Members/Directors2

Core Team

KT
Kush Taneja Co-Founder
SJ
Sambhav JainCo-Founder

Board Members/Directors

KT
Kush Taneja Director
SA
Sambhav Anand Jain Director
FamPay Documents

AY - 2019-20

Profit and Loss statement - FamPay - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FamPay for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - FamPay - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of FamPay for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - FamPay - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FamPay for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - FamPay - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of FamPay for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - FamPay - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FamPay for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - FamPay - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of FamPay for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - FamPay - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FamPay for FY 2022-23
₹249.00 ₹498.00
Balance sheet - FamPay - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of FamPay for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - FamPay - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FamPay for FY 2023-24
₹249.00 ₹498.00
Balance sheet - FamPay - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of FamPay for FY 2023-24
₹249.00 ₹498.00

Subscribe to our newsletter to stay updated

Weekly Funding Reports
Funding Report
Weekly Funding Report [ 13 Jan- 18 Jan]
Montly Funding Reports
Funding Report
Indian startups raise $972 Mn in November, powered...

Get your Customised Report

With an exclusive 20% off on your order

Latest Industry Reports
Industry Report
How the PropTech Sector Rebounded in 2024