What's latest with Fampay?

question based on latest morning context article

One of the founding members is M.I.A. for the last 2 months and there is absolutely 0 communication on this from the founders side. So much for transparency. So many people have already left and everyone who is currently working is also talking about leaving soon. Is this the end of FamPay.

Do a startup on things you did in the past

Given what RBI has gone today is effectively shut down 60-70% of Paytm’s business, to survive, Paytm will end up doing mass layoffs of a scale that we haven’t seen before in India. And potentially with limited severance (not as generous as what swiggy or Big tech has been doing) What would this mean for the rest of job market? So much unemployment in high earning folks, limited new jobs, means very tough competition for each opening and extremely bad situation in terms of appraisals and hikes too.

Culture and pay? Also, is it WFH only?

Investors are pulling the plug. The startup is winding down. Chaotic scenes inside.

https://jobs.lever.co/fampay/e433d861-6233-4a6e-b822-cf55fb214111

- Fampay has launched Namaspay, a UPI-powered payment app for foreign travelers in India, targeting tourists from Europe, Africa, Australia, and the US. - The app charges a one-time registration fee of Rs 1,650, with additional fees of 4% for money loading and 1% for withdrawals. - Namaspay aims to fill a gap in the UPI ecosystem, which processed nearly 15 billion transactions in August, by offering a convenient cashless option for tourists. - Experts suggest that if the UPI for foreigners market becomes lucrative, major players like PhonePe and Paytm may enter the space. - Fampay, originally a teen-centric neo-banking platform, has pivoted to a full-fledged UPI app, processing 52 million transactions in July and raising $38 million in series A funding. Source: [Entrackr](https://entrackr.com/2024/09/exclusive-fampay-launches-upi-app-namaspay-for-foreign-travelers-in-india/)

I was a part of the company for a short time and everything felt like a scam! The team, product, leadership, everything was comically chaotic and no one knew what they were really doing. I am surprised they are still up and running.