Fundraising Fox

FamPay

YC S19

Bengaluru, IN · Founded 2019 · Delaware corporation · 24 employees · Hiring · 4 known investors

FamApp by Trio is a financial education platform for Indian users that covers saving, spending, investing, and earning. The app focuses on financial inclusion and building financial literacy among younger generations in India.

B2B MarketplacesConsumerEdTechFintechPaymentsIndiaSouth AsiaPartly Remote

Founders & leadership· Y Combinator alumni (S19)

FamPay was founded in 2019 by Sambhav Jain and Kush Taneja.

SJSambhav Jain
Sambhav Jainin𝕏FounderSambhav Jain founded FamPay, a payments platform targeting teenagers in India.
KTKush Taneja
Kush Tanejain𝕏FounderKush Taneja founded FamPay, a banking product for teenagers, at age 21. He stepped down from day-to-day operations after the company achieved profitability.

Board

MAMridul Arora
Mridul ArorainBoard directorPartner at Elevation Capital

Investors · 4

Elevation CapitalGurugram · $1.5M – $37M
Rocketship.vcSunnyvale · $1M – $5M
Y CombinatorSan Francisco · $500K
Sequoia CapitalreportedMenlo Park · $4.4M – $214M

Reported raises · per SEC filings

Form D private placements

$43.1M disclosed across 1 round · 2021

▶$43.1MraisedJun 2021 · 36 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mridul AroraDirector
  • Sambhav JainExecutive Officer, Director
  • Kush TanejaExecutive Officer, Director
Offering amount
$47M
Amount sold
$43.1M
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Fam4 shared keywordsA social platform that enables group video calls for both existing friendships and meeting new people.

Companies competing with FamPay for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Who Owns FamPay Company? – businessmodelcanvastemplate.combusinessmodelcanvastemplate.com · Oct 2024Indian fintech start-up FamPay lands $38m in Series A roundfintechfutures.com · Jun 2021#FundingAlert: Fintech startup FamPay raises $38 mn funding from Elevation Capital, othersfreepressjournal.in · Jun 2021fampay funding: FamPay raises one of the biggest Series A funding rounds in India - The Economic Timeseconomictimes.indiatimes.com · Jun 2021FamPay, a fintech aimed at teens in India, raises $38 million – TechCrunchtechcrunch.com · Jun 2021Fintech Startup Fampay raises $38 million in Series A Funding led by Elevation Capital & Otherssiliconindia.com

Frequently asked questions

What does FamPay do?
FamApp by Trio is a financial education platform for Indian users that covers saving, spending, investing, and earning. The app focuses on financial inclusion and building financial literacy among younger generations in India.
Who founded FamPay?
FamPay was founded by Sambhav Jain, Kush Taneja in 2019.
Who are FamPay's investors?
FamPay's investors include Elevation Capital, Rocketship.vc, Y Combinator, Sequoia Capital.
How much funding has FamPay raised?
FamPay has disclosed $43.1M raised across 1 round.
Where is FamPay headquartered?
FamPay is headquartered in Bengaluru, IN.