FamPay raises USD38 mn in funding from Elevation Capital, others

FamPay, a fintech startup focussed on teenagers, on Wednesday said it has raised $38 million (about Rs 278.4 crore) in funding, led by Elevation Capital and existing investor Sequoia Capital India.

migrator

Updated:17th Jun, 2021 at 12:18 AM

New Delhi

Other early investors, Venture Highway, Y Combinator, Global Founders Capital and new Global Investors like General Catalyst, Rocketship VC, and Greenoaks Capital also participated in the Series A round, a statement said.

FamPay will use the latest round of funding to build a leadership team to further fuel growth.

FamPay makes it convenient for teenagers to make online and offline payments through FamPay app as well as FamCard.

In addition to payment products, FamPay also offers gamified savings experiences.

The company has crossed 2 million registered users within 8 months of its launch.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

FamPay raises USD38 mn in funding from Elevation Capital, others

FamPay, a fintech startup focussed on teenagers, on Wednesday said it has raised $38 million (about Rs 278.4 crore) in funding, led by Elevation Capital and existing investor Sequoia Capital India.

Also Read

Tamil Nadu: Anbumani Ramadoss urges Centre to include OBC lists in caste census software

Police book agent after Tamil Nadu woman's SOS video leads to her rescue in Kuwait

Nepal flood survivors join rescue and relief operations as they grieve, search for their loved ones

Keralam CM Satheesan to take up NH safety concerns with NHAI after deaths of eight students

US envoys Witkoff, Kushner are in Moscow in new push for peace between Russia, Ukraine