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FamPay, a fintech aimed at teens in India, raises $38 million
source link: https://fintechranking.com/2021/06/16/fampay-a-fintech-aimed-at-teens-in-india-raises-38-million/
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FamPay, a fintech aimed at teens in India, raises $38 million
How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out.
Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million.
Read more: TechCrunch
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