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Satyam Anand

BUILDING @something • 11m

🔥🔥🚀 FAMPAY IT IS !!! Meet Sambhav Jain and Kush Taneja , IIT Roorkee grads who co-founded FamPay, the neobank for teens. Dedicated to reshaping how teens engage with money , FamPay offers a secure and intuitive digital banking platform tailored for teenagers. With features designed for both independence and parental oversight. Founded Year-2019 Total Funding-$42.7M Latest Round-Series A, $38M FamPay reported a loss of INR 50 Cr in FY22, while operating revenue stood at just INR 3 Cr. Trouble seems to be brewing for FamPay as the teen-focused fintech platform has reportedly laid off employees and is also in talks for an acquisition. What are your views on letting your company be acquired after a certain stage?⚡

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