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United Kingdom
2021 (5 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Fam
Company Information
Get to know Fam
Fampay Solutions Pvt. Ltd., operating as Fam, is an Indian financial technology company targeting the Gen Z demographic. Its mission is to drive financial literacy among teenagers by providing them with their first-ever digital payment and spending experience in a secure environment. Founded in 2019 by Kush Taneja and Sambhav Jain, Fam offers a UPI-enabled app and India's first numberless prepaid card, FamCard, in partnership with IDFC FIRST Bank. The platform allows teens to make online and offline payments, save money, and learn financial management without needing a traditional bank account.
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