Cupertino, CA – According to filings with the U.S. Securities and Exchange Commission, FamPay is raising $47,041,383.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Sambhav Jain played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About FamPay
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. We are raising 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 is a marketing and distribution partner of IDFC FIRST Bank Prepaid Card. With FamPay, teens can do UPI, P2P, and card payments without the need to set up a bank account. FamPay allows parents to send money to their kids below the age of 18, which they can spend securely any time, anywhere, under their supervision. FamPay aims at making payments smooth and fun for the new generation.

To learn more about FamPay, visit http://fampay.in/

Contact:
Sambhav Jain, Chief Executive Officer
650-843-0988
sambhav@fampay.in
https://www.linkedin.com/in/sambhavanandjain/

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