About Famacash
Famacash is a Financial Services company based in Alpharetta (United States) founded in 2015. It operates as a mobile payment application and cash withdrawal. Its Indian entity Famacash India Private Limited reported revenue of ₹8.9 Lakh. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Similar companies include Wave Systems, Chipper Cash, WorldRemit, YouTrip and bKash and 5 more; 9 of its 10 listed similar companies have raised funding.
Company details
Famacash was founded in 2015 in Alpharetta, United States, within the fintech sector. An omni-channel payment application is provided, functioning as a card-, bank-, or prepaid wallet for peer-to-peer money transfers and offline merchant payments. Loyalty programs and coupon offerings are included, with options for linking cards or bank accounts at merchant sites. Cash-in and cash-out services are available at participating locations.
- Headquarters Alpharetta, United States
- SectorsFinancial Services
- Website famacash.com
- Social LinkedIn X
- Legal Name Famacash India Private Limited
- Date of Incorporation 29 Aug, 2017
- Jurisdiction Indore, Madhya Pradesh, India
- Annual Revenue₹8.9 Lakh
FY 2024 · -78% YoY
- Net Loss-₹3.1 Lakh
FY 2024 · -34% margin
- EBITDA₹67,580
FY 2024 · 8% margin
Associated legal entities of Famacash
Famacash operates through Famacash India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Famacash India Private Limited CIN U72900MP2017FTC044026 | Active | 29 Aug 2017 | Indore, Madhya Pradesh | ₹0.1 Cr | – | 2 | View details |
Board of directors of Famacash India Private Limited (Famacash)
Famacash India Private Limited is the primary company behind Famacash. The board of Famacash India Private Limited currently have 2 directors; the longest-serving is Abhishek Kotwal, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Kotwal DIN 07676966 | Director | 29 Aug 2017 | 9 yrs 1 mo | Famacash India Private Limited |
| Priya Jain DIN 09096533 | Director | 30 Mar 2023 | 3 yrs 6 mo | Famacash India Private Limited |
Financials of Famacash
Figures of Famacash India Private Limited, the primary company behind Famacash, for FY 2024. Revenue was ₹8.9 Lakh (-78% year on year). Net loss was -₹3.1 Lakh (-34% margin). EBITDA was ₹67,580 (8% margin). Revenue has grown at a compounded annual rate of -56% over three years and -31% over five years.
- ₹8.9 LakhRevenue · FY 2024 · -78% YoY
- -₹3.1 LakhNet loss · -34% margin
- ₹67,580EBITDA · 8% margin
- ₹1 LakhPaid-up capital
- -56%Revenue CAGR, 3 years
- -31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Famacash India Private Limited are on its company page.
Detailed financial statements for Famacash
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Similar companies to Famacash
Famacash has 10 listed similar companies in our database, 9 of them funded. They include Wave Systems, Chipper Cash, WorldRemit, YouTrip and bKash, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wave.com | 1996 | Lee, United States | $326.26M | – | Cross-border money transfers are enabled via an app-based wallet. | |
| chippercash.com | 2018 | San Francisco, United States | $302.2M | – | Cross-border remittances are enabled for individuals through a mobile wallet. | |
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| bkash.com | 2011 | Dhaka, Bangladesh | $261M | – | Mobile financial services and payment system for consumers | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| paysend.com | 2015 | Valletta, Malta | $226.9M | – | Cross-border money transfers are enabled via digital wallet. | |
| sendwave.com | 2011 | Boston, United States | $13.8M | 339 | Cross-border money transfers are facilitated through a mobile wallet service. | |
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | – | Cross-border payments are enabled for sending and receiving money internationally. | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | – | Cross-border money transfers are enabled by an app-based digital wallet. |
Detailed similar companies of Famacash
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Famacash (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Related news about Famacash
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Frequently Asked Questions about Famacash
Famacash was founded in 2015.
Famacash is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
The primary company behind Famacash, Famacash India Private Limited, reported revenue of ₹8.9 Lakh for FY 2024, down 78% year on year.
Famacash was founded in 2015 in Alpharetta, United States, within the fintech sector. An omni-channel payment application is provided, functioning as a card-, bank-, or prepaid wallet for peer-to-peer money transfers and offline merchant payments. Loyalty programs and coupon offerings are included, with options for linking cards or bank accounts at merchant sites. Cash-in and cash-out services are available at participating locations.
Famacash's top competitors include Chipper Cash, Taptap Send and WorldRemit.
Famacash operates through Famacash India Private Limited.
The legal entities of Famacash currently have 2 directors, including Priya Jain, Abhishek Kotwal.