Teenager Focussed Neo Bank FamPay Partners with Youtube Entrepreneur Tanmay Bhat
Bangalore headquartered FamPay launched an influencer campaign with Youtube influencer Tanmay Bhat.
The campaign is focused on teenagers who are the major part of Tanmay's blogging channel audience.
As a part of the campaign, the teenagers will get 101 Rs in the account on opening the FamPay account.
FamPay is targeted at teenagers and solves the problem of pocket money management for parents and ease of payments for teenagers.
FamPay users get their own UPI id and Numberless cards for ease of payments and parents get a dashboard to monitor the spending of their children.
FamPay was part of YC batch of 2019 and is founded by Kush Tanega an ex-Hotstar & Sambhav Jain an ex-Sharechat employee. Both of them were batchmates at IIT Roorkee.
Neo Banks in India is gaining a good amount of traction with tier 1 Vcs taking interest in the use-cases and making the funds more easily accessible.
Other notable Neo-Banks in India are:
With rapid growth digital penetration, Neo Banks will a sector to watch out for in the Indian fintech space.