“Whenever we are talking about the next half billion users on the internet, we often forget that majority of them are going to be minors, right? Every year millions of teens will get their first smartphones.”
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More from Sambhav Jain
Insight
Jain: School students make better brand ambassadors than college students
“And what's unique with school kids is that like probably college students might not feel great about being a brand ambassador for a company, but while you're in school, because the exposure is so less, it feels very unique that you're working closely with the …”
Sambhav JainAug 30, 2021▶ 20:44Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
Insight
Sambhav Jain: Teenagers act as household CTOs influencing major family purchases
“Teenagers may not be the decision makers at home, but they are the decision influencers. So just. Look at any purchase that that is made in home, right? Be it a TV, a car, phone, refrigerator, or anything. Parents go to their kids and ask like which one to buy…”
Sambhav JainAug 30, 2021▶ 34:29Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
Insight
Sambhav Jain: Physical payment cards do not need printed card numbers
“So we're like, can we remove this? And because anyway, when I'm transacting online with the physical card, I don't need numbers. I just need my pin. I'm swiping the card and for shopping online, I just need the numbers. So we can push the numbers on the app th…”
Sambhav JainAug 30, 2021▶ 38:24Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
AssertionSupported
Jain: 40% of India's population is under 18 years old
“And if you look at India's population, 40% of India's population is below 18. 40%.”
Sambhav JainAug 30, 2021▶ 12:13Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
AssertionSupported
Jain: FamPay raised a $4.7M seed round led by Venture Highway and Sequoia
“I believe it was a 4.7 million round. It was It was led by Venture Highway and Sequoia.”
Sambhav JainAug 30, 2021▶ 15:30Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
AssertionNot checkable as stated
FamPay grew 100% month-on-month for 8 to 10 months post-launch
“So, so when we launched in August, 2020, after launching in his first numberless card we, for the first eight to 10 months, we were actually growing a hundred percent month on month.”
Sambhav JainAug 30, 2021▶ 17:21Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
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