Family-friendly digital payment app FamPay has secured $4.7 million in a seed funding round from Y-Combinator, Sequoia India, and Global Founders Capital. Six months ago, Entrackr had exclusively reported about the company being in advance conversation with Sequoia and others for raising capital.
Founded by Kush Taneja and Sambhav Jain, FamPay allows a user to pay online and in-store through the mobile app, debit card, and UPI. The company was a part of Y Combinator’s Summer batch 2019. (Source-PR)
