Press reports said co-founder Kush Taneja was preparing to exit/sell stake as FamApp pursued a mostly secondary $15M round and shifted away from its teen-only positioning.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
FamApp by Trio (formerly FamPay) is an India-based consumer fintech platform focused on financial inclusion for younger users, offering FamX: a spending account with UPI and card payments for ages 11+, plus savings, rewards, and money-learning features. No separate public CEO was confirmed in the accessible sources; the company appears founder-led.
Primary product
FamX spending account with UPI and card payments for users 11+
Founded
2019
Headquarters
3rd Floor, Obeya Verve, L376/A, 14th B Cross Rd, Sector 6, HSR Layout, Bengaluru, Karnataka 560102, India
Team size
60+ individuals across 20+ states (official site); third-party profiles may estimate higher
Work style
Flexible
Industry
Financial Services
Sub-industry
Consumer fintech / payments / neobank
Offices
Business model
Stage
Series A
Total raised
$42.7M
Latest round
Series A · Jun 2021
Latest amount
$38M
Reported late-stage secondary/primary round (in talks)
Jun 2025 · Elevation Capital
Jun 2021 · Elevation Capital
Mar 2020
Leadership
Founder
Founder
Founding Team
Head of Design
Head of Customer Support & Operations
Head of Finance
Head of Partnerships
Investors
Mission-driven and collaborative, with values centered on challenging the status quo, moving fast, seeking truth, owning outcomes, earning trust, and prioritizing user love. Careers pages emphasize mentorship and flexibility.
Work style
Flexible
Compensation
No public salary bands were found. Public recruiting pages emphasize ESOPs for all, health insurance, free therapy sessions, flexible schedules, and high-quality gadgets as part of the overall package.
Benefits
Pricing
Not clearly disclosed publicly; the product appears primarily B2C/payments-led, with public hints of fee-based products and partnership-driven monetization.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M (third-party profile estimate)
Estimated monthly visits
140K
Press reports said co-founder Kush Taneja was preparing to exit/sell stake as FamApp pursued a mostly secondary $15M round and shifted away from its teen-only positioning.
SourceMoneycontrol · Jun 2025
Reported that Kush Taneja was stepping down and discussing a stake sale amid a broader turnaround and strategic shift at FamApp.
CXO Digital Pulse · Jun 2025
Secondary coverage of the same turnaround story: profitability, a new funding round, and a possible co-founder exit.
Entrackr · Jun 2025
Reported that FamApp turned profitable in FY25, was in late-stage talks for a mostly secondary $15M round led by Elevation Capital, and that co-founder Kush Taneja was preparing to exit.
Entrackr · Sep 2024
Reported the launch of Namaspay for foreign travelers in India and noted FamPay's UPI-app scale-up after the pivot.
Entrackr · Aug 2024
Reported the February 2023 IDFC Bank partner loss, March 2023 pivot to UPI, April 2024 layoffs, and July 2024 scale of 50M+ monthly UPI transactions.