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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
:
Founding Date
:
2020
No. of Employees
:
61 to 100
Core Team
:
1.
Sambhav Jain
Co-Founder
2.
Kush Taneja
Co-Founder
Total Funding
$4.7M
Investors
:
1.
Amrish Rau
2.
Kunal shah
3.
Kevin Lin
4.
Y Combinator
See More
Series Name
:
SEED
Date
:
2020
Party Tambola
Indian families and friends are increasingly scattered across cities and countries — kids working in Bangalore, parents in Delhi, relatives in Dubai or Toronto. The traditional Tambola (House) game that brought families together during Diwali, kitty parties, and weddings has lost its place because everyone is in a different city.
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