What is FamPay? FamPay Review
|
FamPay India Payment Platform is a payment platform that focuses on providing digital payment methods for Indian youth aged 12 to 18. Through cooperation with IDFC First Bank, users can obtain virtual debit cards provided by FamPay for consumption without having a bank account, and family shared accounts can also receive and remit money. Founders Kush Taneja and Sambhav Jain belong to the payment platform industry 1. About FamPay The two co-founders of FamPay are Kush Taneja and Sambhav Jain. The application they developed allows users to pay online and in-store through mobile applications, debit cards and UPI. Unlike other payment applications, FamPay focuses on close groups or families and can be used to split bills and remit money without any paperwork, hidden fees and minimum balance conditions. It is like creating a shared family account.
2. FamPay Development Background There are currently 250 million young people in India, and it is difficult for them to access digital payment methods. The company hopes to help users develop good personal financial management concepts through its eponymous app.
3. FamPay Financing In March 2020, FamPay received a seed round of financing of US$4.7 million. Investors in this round of financing include YC, Venture Highway, Sequoia Capital (India), Global Founder CAPItal and some angel investors. It is understood that this fund will be used to strengthen the technical foundation of its platform and expand the technical team. References |
<<: What is Vcanbuy? Vcanbuy Review
>>: What is Vide Dressing? Vide Dressing Review
Recommend
Black Friday hits record high? Can Cyber Monday continue its success this year?
This year's Cyber Monday sales have increase...
Yibai Networks has completed its performance bet again! Chuangyuan shares' net profit surged by nearly 900%!
Get the "2022 Cross-border E-commerce Annual...
Amazon's biggest seller files for bankruptcy, and there were many products that dominated the charts BS!
I watched him build a tall building, and I watched...
What is Target? Target Review
Target is located in Minneapolis, Minnesota, USA. ...
In 2022, AliExpress's global visits were twice that of Amazon!
We Are Social has once again partnered with Meltw...
What is Haisutong Cross-border? Haisutong Cross-border Review
Xiamen HST Express Cross-border E-commerce Service...
So useful! Amazon's free "translation service"
text Amazon’s “Translation Service” is a feature ...
Amazon's order volume plummeted! Has all the traffic shifted to Temu?
Recently, Amazon has been verifying seller account...
Unaffected by controversy! Amazon vigorously promotes Key delivery system in the United States
Amazon is promoting its Key for Business system in...
Breaking news! Amazon has conducted a large-scale account scan, and hundreds of accounts have been deactivated!
It is learned that on March 20, Amazon North Ameri...
The 7.31 large-scale connection is saved! The seller personally tested and successfully unblocked it!
Recently, my brother-in-law has been particularly ...
Peak season discrepancy! Anker ranked first in the world, but this huge sales brought it to the brink of bankruptcy!
Amazon executives recently said that judging from ...
The most difficult year in history! The price of the second-instance license exceeds 10,000 yuan, and the seller is blocked as soon as he buys it...
2020 can be said to be the most difficult year to ...
Big event of the week! Registration for Amazon Spring Sale opens and ends in mid-March
Registration for Amazon's Spring Sale opens, ...
What is Lightspeed POS? Lightspeed POS Review
Lightspeed POS is a POS payment solution provider ...