Bengaluru, September 24th, 2021: FamPay, India’s first payments app for teenages, has been featured in LinkedIn’s Top Startups List of 2021. The annual LinkedIn’s Top Startups List covers the most sought after companies of the year, in terms of their work culture, customer experience, employee engagement and investor relations. Being India’s first payments App and Card exclusively for teens, FamPay strives to provide financial freedom to GenZ, opening the Fintech industry to a target audience that’s never been tapped before.
FamPay was launched in 2020 by Indian Institute of Technology (IIT) Roorkee Graduates, Kush Taneja and Sambhav Jain while still in college, making them one of the youngest fintech entrepreneurs in India today. A startup that was born in the pandemic, it’s seen a staggering growth since its inception with more than 3 million registered users, swiftly gaining the confidence and trust of Indian teens. The company recently completed one of India’s biggest Series A fundraise of US$38 million, led by Elevation Capital and major participation from existing investor Sequoia Capital India.
Commenting on their achievement, Kush Taneja, Co-Founder, FamPay, said, “We are immensely honoured to be on this list and truly believe that it wouldn't have been possible without our outstanding team, their constant strive for excellence and the culture they’ve created. These factors deeply encourage collective growth, capitalise on curiosity and are entirely led by customer-centricity.”
This prestigious feature is testimonial to all the innovation brewing at FamPay in recent times. In 2021, FamPay partnered with the Visa Network to launch the Visa FamCard - India’s first numberless Visa Card exclusively for teens. FamPay followed this successful launch by a set of cards that took personalization to a whole new level with the FamCard Me - India first and only doodle card for teens. To lead this product innovation and strategy, FamPay is looking to hire for multiple roles across various verticals.
Sambhav Jain, Co-Founder, said, “Kush and I have been following this prestigious list and the startups it has featured in the past since its inception. It is tremendously humbling for our entire Fam to be featured here. Over the past few months, we have welcomed some phenomenal leaders and passionate folks onto the team who have made this possible.”
Growing 10x from a 6 member team to today a 60+ members team, the common goal of enabling financial independence for teens is etched in the team’s work ethic. This recognition reaffirms FamPay’s belief in the mission and vision that drives the people and the culture of the company.
About LinkedIn Top Startup List:
The LinkedIn Top Startups list is derived from a blended score looking at factors including employment growth, engagement with the company and its employees, job interest, and the ability to attract top talent, and is informed by the billions of actions taken by more than 645+ million members on LinkedIn.
The Top Startups list is a part of the LinkedIn List franchise, an ongoing editorial series that celebrates professionals and companies making an impact in the professional world. To see the full list of the LinkedIn Top Startups, click here:
FamPay is building India’s first neo-bank for teens. With FamPay and its numberless prepaid card, minors can successfully make online and offline payments without the need to set up a bank account. FamPay is a marketing and distribution partner of IDFC FIRST Bank Prepaid Card. With our app and our numberless card, minors can safely and successfully make online and offline payments without the need to set up a bank account. We aim to raise a new, financially aware generation of Indians who understand the fundamentals of personal finance and are capable of making decisions in their best long term interest.
FamPay was launched in 2020 by Indian Institute of Technology (IIT) Roorkee Graduates, Kush Taneja and Sambhav Jain while still in college, which makes them one of the youngest fintech entrepreneurs in India today. They have also been featured on the Forbes 30 under 30 Asia 2021 list.
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For more information, visit www.fampay.in
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