Private Equity Fund Investments
Teens-focused fintech co FamPay raises $38-M from Elevation Capital, Sequoia, others
FamPay, a Bengaluru-based fintech startup, which offers payments and financial services to teenagers, has raised USD 38 million in a Series A funding round led by Elevation Capital and existing investor Sequoia Capital India. Other early investors such as Venture Highway, Y Combinator, Global Founders Capital as well as new investors General Catalyst, Rocketship VC and Greenoaks Capital also participated in the fundraising. The deal values FamPay, which offers digital wallet, e-commerce as well as financial services to kids with parental controls, at USD 150-170 million. In March 2020, the company raised USD 4.7 million in seed funding from Y Combinator, Venture Highway, Sequoia Capital India, and Global Founders Capital, as well as angel investors, including Twitch co-founder Kevin Lin, Robinhood co-founder Vladimir Tenev, Cred founder Kunal Shah and Pine Labs CEO Amrish Rau.
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