Last updated: Oct 16, 2024
- Brand NameFamPay
- HeadquarterBengaluru
- No. of Employees164
- Industry
Fintech
- Founded Year 2019
- Company StatusActive
- Highlights
- Total Funding₹314.33 Cr
- Funding Rounds3
- FY 2023-24 Revenue₹25.16 Cr
- FY 2023-24 Loss-₹13.51 Cr
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 c.....
Business Model of FamPay
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.
Key People/Management
Show allKT
Kush Taneja Co-Founder
SJ
Sambhav JainCo-Founder
KT
Kush Taneja Director
SA
Sambhav Anand Jain Director
Top Competitors
JU
JunioU72900DL2020PTC369181
WA
WalrusU72900KA2019PTC125454
YO
YodaaU65190MH2014PTC258991
FU
FunngroU72900MH2021PTC361215
SL
SlonkitU29253MH2010PTC204370
Latest News
- Fampay, Cheq continue UPI service: Are they bypassing RBI directive?Jul 3, 2023
- Exclusive: RBI directive forces DreamX, Fampay and others to halt UPI serviceJun 27, 2023
- Exclusive: Fampay lays off staff; sees top level exitsApr 17, 2023
- FamPay spent Rs 50 Cr to earn Rs 3 Cr in FY22Jan 9, 2023
- Fintech firm Fampay eyes Series B fundraise at nearly $350 mn valuationOct 27, 2021
- FamPay raises one of the biggest Series A funding rounds in IndiaJun 16, 2021
- FamPay raises $38 Mn in Series A led by Elevation CapitalJun 16, 2021
- Our aim is to push cashless payments among teenagers: FamPay co-foundersJul 22, 2020
- FamPay raises $4.7 Mn from Sequoia, Y Combinator, and GFCMar 12, 2020
- Exclusive: YC-backed FamPay in talks to raise up to $8 Mn from Sequoia and LightspeedSep 12, 2019