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FamPay
AddedMar 22, 2024
UpdatedJun 18, 2026
FamPay

FamPay

Series A

India's first neobank, FamPay, offers secure payments for teens without a bank account.

HQ
Bengaluru, Karnataka, IN
Founded
2019
Accelerator
Y Combinator logoY CombinatorS19
Overview
Compare
Fundraising
Employees
Website

Founded with the mission to empower teenagers with financial independence, FamPay is India's first neobank tailored for minors. It provides a platform where teens can perform UPI, P2P, and card payments without needing a traditional bank account. FamPay facilitates parents in sending money to their children under 18, ensuring secure and supervised transactions. The company's vision is to make financial management accessible, smooth, and engaging for the younger generation.

Notable affiliated people include the founders, who have driven the company to significant achievements such as pioneering the teen neobanking space in India. Key investors have backed FamPay, recognizing its potential to revolutionize youth banking. The startup has made a substantial impact by introducing a safe and fun way for teens to manage money, contributing to financial literacy and independence among young Indians.

FamPay - Similar Companies

Cozmo AI logo

Cozmo AI

zywa.co

PayCrunch logo

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paycrunch.in

Razorpay logo

Razorpay

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OneFin logo

OneFin

onefin.in

Cashfree Payments logo

Cashfree Payments

cashfree.com

Streak logo

Streak

streakcard.com

Akudo logo

Akudo

Pay4Me App logo

Pay4Me App

pay4me.app

Latent Space logo

Latent Space

payable.id

Safepay logo

Safepay

getsafepay.pk

Chequpi logo

Chequpi

Coupl logo

Coupl

coupl.money

Payflow logo

Payflow

payflow.es

PayCaddy logo

PayCaddy

paycaddy.com

flowpay.io logo

flowpay.io

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FamPay - Quick Facts

Who are FamPay's competitors?

Companies similar to FamPay include Cozmo AI, PayCrunch, Razorpay and OneFin.

When was FamPay founded?

FamPay was founded in 2019.

Where is FamPay's headquarters located?

FamPay's headquarters is located in Bengaluru, Karnataka, IN.

When was FamPay's last funding round?

FamPay's most recent funding round was for $38M (USD) in June 2021.

How much has FamPay raised to-date?

As of Jun 16, 2021, FamPay has raised a total of $42.9M (USD).

How many employees does FamPay have?

FamPay has 165 employees as of Feb 24, 2024.

FamPay - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • India
Revenue
  • Software
  • Transactional
Customer
  • Consumers
Main Product
  • Financial Services
Tags
  • Fintech
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 4 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice