Teens-focused fintech startup YPay raises $400-K from We Founder Circle, others

Noida-based Fintech startup YPay has raised a bridge round of USD 400,000 led by We Founder Circle (WFC). Other investors in the round include Amit Tyagi, Gaurav Juneja, Ravi Gupta (Founder, Safexpay), and a senior CXO, Pragatii Bhargava. YPay plans use the funds to acquire talent. A part of the funding will be used for technology development and to fuel growth. YPAY, through its prepaid cards available on its app, makes it convenient for teenagers to make both online and offline payments. YPAY app enables kids to learn money management and earn points along with attractive cashback and discounts from 300+ brands.