Venture Highway, Y Combinator, Global Founders Capital, General Catalyst, Rocketship VC, Greenoaks Capital participated in the Series A round.
Mysuru: Reports say that Fampay, a finance startup that provides banking services to teenagers raised $38 million though Series A funding led by Elevation Capital.
Sequoia Capital with Venture Highway, Y Combinator, Global Founders Capital, General Catalyst, Rocketship VC, Greenoaks Capitalalso took part in round.
Fampay is a startup that makes transactions seamless for teenagers through their app. They also have FamCard, a numberless card for teenagers for secure payments. This can be done without a bank account. The card details are not accessible to anybody outside the app as it is device protected.
This company has two million registered users within eight months of its launch.