Fintech Startup FamPay Raises Funding $38M Round Led By Elevation Capital, Sequoia Capital India

• ByStartupStory     |    June 16, 2021

Fintech Startup FamPay raises funding $38M in Series A round led by Elevation Capital, Sequoia Capital India. Other investors such as Y Combinator, Venture Highway, Global Founders Capital, as well as new investors including General Catalyst, Rocketship VC, and Greenoaks Capital also participated in the round, FamPay raises funding  for its leadership team and to fuel further growth, which includes capturing more users via marketing efforts, and launching new features on the platform.

Mridul Arora, partner at Elevation Capital said regarding FamPay raises funding, “India today has a sizeable population of 250 million adolescents, and we believe that catering to this unserved audience with innovative products contextualised to their needs and behaviours will create a very valuable business.”

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