Company Intelligence Profile
Fampay Solutions Private Limited
Fampay Solutions Private Limited runs FamPay, a prepaid card and payments app in India built mainly for teenagers and students.
Last updated 26 October 2026
Fampay Solutions Private Limited runs FamPay, a prepaid card and payments app for teenagers and students in India. The company was incorporated on 05 March 2019 and is registered in Bangalore, Karnataka. It reported revenue of ₹31.15 Cr in FY2024-25. It has raised $42.70 million in total funding, including a Series A led by Elevation Capital.
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Company Identity
| Registered name | Fampay Solutions Private Limited |
|---|---|
| CIN | U74999KA2019PTC122125 |
| PAN | AADCF6683Q |
| Status | Active, Compliant |
| Listing | Unlisted |
| Incorporated | 05 March 2019 |
| ROC | RoC-Bangalore (state: Karnataka) |
| Sector (NIC) | Fintech |
| Registered address | No. 7, 1st Main Road, Sector 6, HSR Layout, Bangalore, Karnataka, India – 560102 |
| Authorized capital | ₹70.00 Lakh (₹7,000,000) |
| Paid-up capital | ₹67.47 Lakh (₹6,747,000) |
Source: MCA records via tofler.in
Business Overview
- Fampay Solutions Private Limited operates the FamPay app, also called FamApp.
- The app offers a prepaid card and numberless payments for teenagers and students in India.
- Users can pay by UPI and card without a traditional bank account, with parents involved.
- The company was incorporated on 05 March 2019 and is based in Bangalore, Karnataka.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Kush Taneja | 08381620 | Director | 05 Mar 2019 |
| Sambhav Anand Jain | 08381621 | Director | 05 Mar 2019 |
Source: MCA records via tofler.in
GST Registration
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AADCF6683Q1ZO | Karnataka | AADCF6683Q | Active |
Source: tofler.in
Financials
- Revenue ₹31.15 Cr
Source: MCA records via tofler.in
Funding
| Total funding | $42.70 million |
|---|---|
| Series A, Jun 2021 | $38.00M, led by Elevation Capital |
| Pre-Seed, Mar 2020 | $4.70M, led by Peak XV Partners |
Source: tofler.in
Charges & Borrowings
- Open charge with IDFC First Bank Limited, created 21 Jul 2022
Source: MCA records via tofler.in
Competitors
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