“Catch them young” is the phrase this neobank is banking on.
Bengaluru-based Fampay turned a few heads after it scooped up $38 million in what is being called one of the largest Series A funding rounds ever in India. Celebratory messages started pouring in for the young founders Sambhav Jain and Kush Taneja, with the teenage banking segment that Fampay targets becoming a buzzword overnight.
Fampay is not the only one chasing teenagers—Walrus, Junio and more are equally aggressive fintech startups going after the same set. There are 250 million teens in India and 40% of the Indian population is …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.
artisingh@mailtmc.com