Fam

Overview

Also known as FamPay or FamApp, this Indian fintech startup is based in Bengaluru and was founded in 2019. It operates as a neobank specifically designed for teenagers, making digital payments accessible and secure for minors without traditional bank accounts.

The platform empowers teenagers under 18 to perform digital transactions, such as UPI transfers, peer-to-peer payments, and card payments. With a strong emphasis on parental supervision, it allows parents to send money to their children while maintaining oversight of spending. The service features both physical and digital cards, a teen-focused neobank experience, parental controls, and a payments app, bridging the gap between cash and digital payments for youth. Fam has been recognized as part of Y Combinator's Summer 2019 batch and has attracted substantial funding for its innovative approach to fintech.

Basic Information

Contact Details

• Phone: +91 80471 93402
• Website: famapp.in
• LinkedIn: linkedin.com/company/famappbytrio

Key Focus Areas & Initiatives

• Fintech for children and minors
• Digital wallet with parental controls
• Teen-focused neobank experience
• UPI payments and peer-to-peer transactions
• Financial literacy and education for youth
• Secure digital payments
• Prepaid and virtual card offerings for teenagers
• Payment rewards and gamified banking
• Parental oversight and control mechanisms
• Youth financial inclusion initiatives

Technologies Used

• AI
• Amazon AWS
• Amazon SES
• CloudFlare
• CloudFlare Hosting
• Cloudflare DNS
• Gmail
• Google Apps
• Google Tag Manager
• Intercom
• MailJet
• Microsoft Office 365
• Mobile Friendly
• Nginx
• Razorpay
• React
• React Redux
• Remote
• Reviews
• Route 53
• Vercel