FamPay partners Visa to woo teenagers with personalised doodle cards thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
How To Help Your Teenage Kids Be Financially Literate
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The Indian population comprises 236.5 million Gen Z adolescents ie youths between 10 and 19 years of age – a fast, eclectic generation, born with easy access to the internet has the world on a click. These teenagers start going out independently on school trips, dine with friends, or even playing games just as they hit 13. Exploring the new freedom and new experiences, they start seeking money from the average age of 15, usually termed monthly pocket money’. When starting to get money – whatever the amount of pocket-money is – they should also be taught how to manage it optimally.
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.
The size of the new investment makes it one of the largest Series A rounds in India. TechCrunch reported early this month that FamPay was in talks with Elevation Capital to raise a new round.
Fintech startup FamPay, which offers payments and financial services to teenagers, has raised $38 million in a Series A funding round at a valuation of $150-170 million.
India: Fampay raises $38m from Elevation Capital, Sequoia, others dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.