FamPay

India’s first neobank for teenagers

fampay.in

HQ: Bengaluru, KA, India

11-50

Fintech

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

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

3rd Floor, Obeya Verve, L376/A, 14th B Cross Rd, Sector 6, HSR Layout, Bengaluru, Karnataka 560102, India

C 32, Ground Floor, Naman Chambers, G Block Rd, Opposite Bank Of Baroda, G Block BKC, Bandra East, Mumbai, Maharashtra, India

Business model

B2C consumer fintech

UPI and card payments

spending account / neobank

Funding

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

$15M

Series A

Jun 2021 · Elevation Capital

$38M

Seed

Mar 2020

$4.7M

People & investors

Leadership

Founder

Founder

Founding Team

Head of Design

Head of Customer Support & Operations

Vishal Jain

Head of Finance

Arnav Anand

Head of Partnerships

Investors

Amrish Rau

Elevation Capital

General Catalyst

Global Founders Capital

Sequoia Capital India / Peak XV Partners

Venture Highway

Vladimir Tenev

Y Combinator

Work & culture

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

Flexible work schedules

High-quality gadgets

ESOPs for all

Health insurance

Free therapy sessions

Product & market

Pricing

Not clearly disclosed publicly; the product appears primarily B2C/payments-led, with public hints of fee-based products and partnership-driven monetization.

Differentiators

—Numberless card
—Personalized UPI IDs
—Parent-supervised spending for minors
—Money-learning and reward features
—Clean bank statements
—Spending account designed for ages 11+

Technology

Python

Java

Kotlin

Swift

Dart

TypeScript

GoFiber

Django

DRF

gRPC

Temporal

PostgreSQL

Valkey

DynamoDB

ClickHouse

Kafka

React

Next.js

Kubernetes

Customers

Teens and young users 11+

Parents and families supporting minor accounts

General Indian consumers using UPI/card payments

Competitors

ANQ Finance

Elixir

Paramotor Digital Technology

Affogato

Scale & contact

Estimated revenue

$1M-$10M (third-party profile estimate)

Estimated monthly visits

140K

support@famapp.in +918095858881

Signals & risks

Other

Jun 2025

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.

Source

Latest news

FamApp co-founder Kush Taneja to step down, in talks to sell stake

Moneycontrol · Jun 2025

Reported that Kush Taneja was stepping down and discussing a stake sale amid a broader turnaround and strategic shift at FamApp.

FamApp Turns Profitable, Eyes Fresh Round as Co-Founder Kush Taneja Prepares Exit

CXO Digital Pulse · Jun 2025

Secondary coverage of the same turnaround story: profitability, a new funding round, and a possible co-founder exit.

Exclusive: FamApp’s turnaround with profitability, new round and 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.

Exclusive: Fampay launches UPI app Namaspay for foreign travelers in India

Entrackr · Sep 2024

Reported the launch of Namaspay for foreign travelers in India and noted FamPay's UPI-app scale-up after the pivot.

How Fampay's Rs 200 Cr bet on fintech for teenagers fell flat

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.

Jobs and careers at FamPay

14 jobs at FamPay

Data Engineer (SDE 2)

On-site

Bengaluru

4w ago

On-site

Full-time