FamPay raises $38 million in Series A funding round

Bengaluru-based FamPay on Wednesday announced that it has raised $38 million in its Series A round led by Elevation Capital. Existing investors including Sequoia Capital India, Y Combinator, Global Founders Capital, also participated in the new round. Founded in 2019 by IIT Roorkee graduates Sambhav Jain and Kush Taneja, FamPay enables teenagers to make online and offline payments.