Sambhav Jain
Biography
Sambhav Jain is the Co-Founder of FamPay, a teen-focused FinTech startup. During his final year at the Indian Institute of Technology (IIT), Roorkee, Sambhav and Kush Taneja refrained from participating in on-campus recruiting to focus on building FamPay. Their goal: to empower youths through financial independence.
FamPay empowers children (u18) to have control over their financial decisions by allowing them to conduct online transactions on their own accord. This includes mimicking the characteristics typically found in net banking and card transactions by bypassing the need for parents to input banking details or providing them with additional one-time passcodes (OTPs).
Sambhav graduated from IIT Roorkee with a B.Tech in Civil Engineering.
About FamPay
FamPay brings cashless transactions India’s Gen Z by offering them prepaid debit cards without the need of having to set up a bank account. Issued in partnership with India's IDFC First Bank, the FamCard receives money deposited by parents and allows them to supervise spending. The 2019 startup raised $4.7 million in seed funding last year from investors including Y Combinator, Venture Highway, and Sequoia India.
Learn more about FamPay at www.fampay.in