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FamPay is a neobank for teenagers.
Basic Information
FamPay was founded in 2019 by Kush Taneja and Sambhav Jain. With FamPay’s app and their numberless card, minors can safely and successfully make online (UPI & P2P) and offline payments without the need to set up a bank account. The neobank aims to raise a new, financially aware generation of Indians who understand the fundamentals of personal finance and are capable of making decisions in their best long term interest. In March 2020, FamPay raised seed funding of US $4.7Mn from Y Combinator, Venture Highway, Sequoia India and Global Founders Capital (GFC).
Legal Name
:
FamPay Solutions Pvt. Ltd.
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2C  
Founding Date
:
2020
No. of Employees
:
61 to 100
Core Team
:
1.  
Sambhav Jain
Co-Founder
2.  
Kush Taneja
Co-Founder
Funding

Total Funding

$4.7M

Investors
:
1.  
Kevin Lin
2.  
Amrish Rau
3.  
Kunal shah
4.  
Y Combinator

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Detail Round Breakdown
Round 1
Series Name
:
SEED
Date
:
2020