Wikipedia:FamPay

FamPay is an Indian e-commerce payment system and financial technology company, based in Bengaluru, Karnataka, India.

History
Fampay was founded in August 2019 by IIT Roorkee graduates Kush Taneja and Sambhav Jain for teenagers and their families. FamPay works with NPCI to support online money transfers and serves as an electronic alternative money method like UPI and P2P. The company is partnered with IDFC Bank and is connected with RuPay payment network of merchants. As per the company, Fampay is a number-less debit card only for teenagers and their family.

In March 2020, FamPay has raised an investment of $4.7 million in a seed round from Y Combinator, Venture Highway, Sequoia India, and Global Founders Capital.

Funding and Investments
FamPay is funded by 12 investors. Y Combinator and Soma Capital are the most recent investors.