FamPay is a Y-Combinator and WeWork Labs backed Indian company building the future of banking and finance for children in India.
FamPay is aiming to drive 250M+ teenagers on a journey from cash to digital.
FamPay was founded in 2019 by Kush Taneja and Sambhav Jain. The company is headquartered in Bangalore, Karnataka, India.
FamPay is a family-friendly payment app that’s safe for children to use. Parents send money to the children in a new, faster and seamless way. The company believes that financial education from an early age is crucial to guarantee a healthy financial adult life.
FamPay has raised $4.7M in a Seed round on Mar 12, 2020. The investment was backed by Y Combinator, Venture Highway, Sequoia India and Global Founders Capital (GFC).