← back
FamPay profile

Who owns FamPay?

traditional · Bengaluru, IN · Partner-bank model · custody: Custodial

short answerFamPay is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while FamPay builds the product and interface. FamPay's most notable disclosed backers include Elevation Capital, Y Combinator, Peak XV Partners and General Catalyst.

Is FamPay a licensed bank?

No — it runs on a sponsor bank (BaaS model). Licence detail: Partner bank (IDFC FIRST Bank) — co-branded RBI prepaid payment instruments; RuPay/Visa cards.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for FamPay yet. Know one? Suggest it.

Who's behind FamPay?

FamPay was founded by Sambhav Jain, Kush Taneja (2019), headquartered in Bengaluru, IN.

Early investors

Notable venture and strategic investors from FamPay's publicly disclosed funding rounds (~$42M raised).

Elevation Capital ↗ Y Combinator ↗ Peak XV Partners ↗ General Catalyst ↗

Is my money safe with FamPay?

Deposits are held by FamPay's sponsor bank, so any insurance flows through that bank rather than FamPay. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.

go deeperSee the full FamPay profile with every verified field, or FamPay alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.