Fam, formerly known as FamPay, is India's first payments app designed for individuals above the age of 11. The FamApp enables seamless online and offline payments through UPI and FamCard. Founded in 2019 by IIT Roorkee alumni, Fam is backed by prominent investors including Elevation Capital, Y-Combinator, Peak XV (Sequoia Capital) India, Venture Highway, Global Founder’s Capital, and notable angel investors such as Kunal Shah and Amrish Rao.
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FamPay is an Indian fintech startup founded in 2019 with the mission to enable teenagers to make online and offline payments independently, while also fostering financial literacy from a young age. The company offers a unique payment platform that includes a prepaid card and app-based services, allowing teens to transact without the need for a traditional bank account. FamPay's vision is to empower the next generation with safe, convenient, and controlled access to money, while giving parents oversight through features like spending limits and transaction monitoring.
Headquartered in Bengaluru, Karnataka, FamPay has quickly gained traction in India's growing digital payments ecosystem, attracting significant venture capital funding from notable investors such as Sequoia Capital India and Y Combinator. The company has been recognized for its innovative approach to youth banking, and in recent years has expanded its offerings to include gamified rewards, social payment features, and partnerships with merchants. FamPay's rapid growth and strong brand appeal among Gen Z users position it as a leading player in the niche segment of teen-focused financial services.
Websitefampay.in
