Bengaluru-based fintech startup announced raising $38mn in Series A round. Overall funds raised to date amount to $ 42.7mn. The app enables teenagers to make offline and online payments. The app takes consent from parents before allowing teenagers to make online payments as well as provide numberless cards. FamPay aims to become a neo-bank for youngsters. The startup currently has over 2 mn users. It plans to expand its user base and hire engineers.