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FamPay - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about FamPay including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

FamPay company logo

FamPay is a fintech startup in India that offers a digital payment platform specifically designed for teenagers, enabling them to manage their finances, make online and offline payments, and learn financial literacy.

HeadquartersBengaluru, India
Team size450
Founded2019

What is FamPay? - Company Overview & Details

FamPay is FamPay is a fintech startup in India that offers a digital payment platform specifically designed for teenagers, enabling them to manage their finances, make online and offline payments, and learn financial literacy. Founded in 2019, the company is headquartered in Bengaluru, India.

Who Founded FamPay?

FamPay was founded by Sambhav Jain, Kush Taneja.

Who are the Key Executives at FamPay? - Leadership Team

FamPay is led by experienced executives in key positions:

Chief Executive Officer (CEO) of FamPay

Sambhav JainCEO

Chief Technology Officer (CTO) of FamPay

Kush TanejaCTO

About Sambhav Jain - CEO of FamPay

Sambhav Jain serves as the Chief Executive Officer of FamPay, leading the company's strategic vision and operations.

FamPay Company Details & Key Information

Where is FamPay located?

FamPay is headquartered in Bengaluru, India.

How many employees does FamPay have?

FamPay has 450 employees.

When was FamPay founded?

FamPay was founded in 2019.

FamPay Official Website

How much funding has FamPay raised?

FamPay has raised $42.7 million across 3 funding rounds. The most recent funding was completed on 2021-06-20.

Funding Overview

FamPay has raised a total of $42.7 million in funding to date through various rounds, aiming to establish itself as a leading financial service for teenagers.

$42.7 million
Total Funding Raised
3
Funding Rounds
2021-06-20
Latest Round

FamPay Funding History

Series A
2021-06-20
$38 million
Seed
2020-03-11
$4.7 million

Who are the key investors in FamPay?

FamPay is backed by 3 key investors including Sequoia Capital India, Elevation Capital, Y Combinator. These investors focus on Technology, Healthcare, Fintech sectors.

FamPay Investor Overview

3
Key Investors
6
Focus Areas
6
Notable Investments

Complete List of FamPay Investors

Sequoia Capital India

A premier venture capital firm that invests in technology, healthcare, and other sectors.

Investment Focus
Technology
Healthcare
Notable Portfolio Companies
Byju's
OYO

Elevation Capital

A venture capital firm focusing on early-stage investments in India.

Investment Focus
Fintech
Consumer
Notable Portfolio Companies
Myntra
Zomato

Y Combinator

An American seed money startup accelerator providing funding and mentoring.

Investment Focus
SaaS
E-commerce
Notable Portfolio Companies
Airbnb
Stripe

What sectors do FamPay investors focus on?

The investors backing FamPay primarily focus on Technology, Healthcare, Fintech, Consumer, SaaS, E-commerce sectors.

Technology
Healthcare
Fintech
Consumer
SaaS
E-commerce

Featured Investor: Sequoia Capital India

Sequoia Capital India

A premier venture capital firm that invests in technology, healthcare, and other sectors.

Notable Investments: Byju's, OYO

What are FamPay's future plans?

FamPay FamPay aims to further innovate its financial products and expand its user base while exploring new market opportunities.

FamPay Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does FamPay face?

FamPay has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for FamPay

1

Intense competition from established fintech players

2

Maintaining user growth amidst evolving regulations

What opportunities does FamPay have?

FamPay has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for FamPay

1

Expansion potential into new demographics

2

Growing acceptance of digital payments among youth

FamPay Strategic Position Summary

Key Focus Areas

FamPay is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about FamPay?

FamPay has 2 recent news updates covering key business developments and market activities.

FamPay News Overview

2
Recent Articles
Active
Media Coverage
2024-09-03
Latest Update

What is FamPay in the news for?

FamPay is currently featured in news for Fampay launches Namaspay. and other significant business developments.

Recent News Articles About FamPay

Article 1
2024-09-03

Fampay launches Namaspay.

Fampay launches Namaspay app for foreign tourists in India, providing a convenient payment solution powered by UPI.

bizbracket.in
Read News
Article 2
2024-09-05

Fampay launches Namaspay UPI app for foreign visitors to India.

Fampay releases the "Namaspay" UPI app for foreign visitors, addressing a critical gap in the Indian fintech space.

thekarostartup.com
Read News

FamPay FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about FamPay including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

FamPay Questions & Answers - Company Information

Q1

What is FamPay?

FamPay is a fintech startup in India that offers a digital payment platform specifically designed for teenagers, enabling them to manage their finances, make online and offline payments, and learn financial literacy.

Q2

Who founded FamPay?

FamPay was founded by Sambhav Jain, Kush Taneja.

Q3

Who is the CEO of FamPay?

The CEO of FamPay is Sambhav Jain.

Q4

How much funding has FamPay raised?

FamPay has raised a total of $$42.7 million across 3 funding rounds. The most recent funding was completed on 2021-06-20.

Q5

Who are the investors in FamPay?

FamPay's key investors include Sequoia Capital India, Elevation Capital, Y Combinator.

Q6

Where is FamPay headquartered?

FamPay is headquartered in Bengaluru, India.

Q7

When was FamPay founded?

FamPay was founded in 2019.

Q8

How many employees does FamPay have?

FamPay has 450 employees.

Q9

What is FamPay's official website?

You can visit FamPay's official website at http://fampay.in.

Q10

What was FamPay's latest funding round?

FamPay's latest funding round was a Series A round of $$38 million completed on 2021-06-20.

Q11

Who is founder?

Sambhav Jain

Q12

Who is cto?

Kush Taneja

Q13

What does the company do?

FamPay offers digital payment solutions targeted at teenagers, allowing them to manage finances and make cashless transactions.

Q14

How much funding?

$42.7 million

Q15

Latest funding date?

2021-06-20

Q16

Who are the investors?

Sequoia Capital India Elevation Capital Y Combinator

Q17

What are the challenges?

Intense competition from established fintech players Maintaining user growth amidst evolving regulations

Q18

What are the opportunities?

Expansion potential into new demographics Growing acceptance of digital payments among youth

Q19

Latest news?

Fampay launches Namaspay app for foreign tourists in India, providing a convenient payment solution powered by UPI. Fampay releases the "Namaspay" UPI app for foreign visitors, addressing a critical gap in the Indian fintech space.

More Information About FamPay

For additional details about FamPay, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.