About FamApp
FamApp is a company based in Bengaluru (India) founded in 2019 by Kush Taneja and Sambhav Jain. It operates as a FinTech, and Commission-Based. FamApp has raised $42.7 million across 2 funding rounds from investors including Peak XV Partners, Venture Highway VC and Elevation Capital. FamApp offers products and services including FamX Spending Account, FamX Card, and UPI Payments. FamApp operates in a competitive market with competitors including Greenlight, Junio, YPay Card, Funngro and Pencilton, among others.
- Headquarter Bengaluru, India
- Founders Kush Taneja, Sambhav Jain
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Famapp By Trio
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$42.7 M (USD)
in 2 rounds
-
Latest Funding Round
$38 M (USD), Series A
Jun 16, 2021
-
Investors
Peak XV Partners
& 11 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of FamApp
FamApp offers a comprehensive portfolio of products and services, including FamX Spending Account, FamX Card, and UPI Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A spending account for managing personal finances easily.
A customizable card for secure and quick payments.
Fast UPI payments with personalized QR themes offered.
Unlock access to complete
Funding Insights of FamApp
FamApp has successfully raised a total of $42.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $38 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $38.0M
-
First Round
First Round
(12 Mar 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - FamApp | Valuation | Elevation Capital , General Catalyst |
|
| Mar, 2020 | Amount | Seed - FamApp | Valuation | Y Combinator , Venture Highway |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FamApp
FamApp has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Venture Highway VC and Elevation Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Elevation Capital is focused on early-stage tech investments in India.
|
Founded Year | Domain | Location | |
|
Investment and transformation services for entrepreneurs in technology and finance sectors.
|
Founded Year | Domain | Location | |
|
Rocketship.vc is engaged in data mining and startup investment.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by FamApp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - FamApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Famapp Comparisons
Competitors of FamApp
FamApp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenlight, Junio, YPay Card, Funngro and Pencilton, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based investment platform for kids and teens is operated.
|
|
| domain | founded_year | HQ Location |
Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards
|
|
| domain | founded_year | HQ Location |
Payment cards for teens are issued to manage personal spending.
|
|
| domain | founded_year | HQ Location |
Earning platform for youngsters is provided via project-based freelancing.
|
|
| domain | founded_year | HQ Location |
An app-based platform offering prepaid card services for users.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Famapp
Frequently Asked Questions about FamApp
When was FamApp founded?
FamApp was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is FamApp located?
FamApp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is FamApp a funded company?
FamApp is a funded company, having raised a total of $42.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.7M, raised on Mar 12, 2020.
What does FamApp do?
FamApp by Trio, formerly known as FamPay, is dedicated to financial inclusion for younger generations by offering innovative payment solutions. Services provided include UPI payments and customizable FamX cards through the FamX Spending Account. The platform is designed to help users save, spend, earn, and learn about money management, all within a single application. Targeting teens and adults aged 11 and above, the company operates in the FinTech sector with a focus on digital payments and user-friendly financial tools.
Who are the top competitors of FamApp?
FamApp's top competitors include Greenlight, Junio and YPay Card.
What products or services does FamApp offer?
FamApp offers FamX Spending Account, FamX Card, and UPI Payments.
Who are FamApp's investors?
FamApp has 12 investors. Key investors include Peak XV Partners, Venture Highway VC, Elevation Capital, General Catalyst, and Rocketship.vc.