Soma Capital Portfolio Jobs

Legal Counsel



Bengaluru, Karnataka, India
Posted on Friday, December 29, 2023
About FamPay
FamPay is building India’s first neo-bank exclusively teens. FamPay helps teens make their own online and offline payments through UPI, FamPay App and FamCard. Our aim is to make banking cool for teens and to help them learn the value of money, savings and spending wisely. We are on a mission to raise a new, financially aware generation, and drive 250 Million+ Indian teenagers to kickstart their financial journey super early in their life.
Founded in 2019 by IIT Roorkee alumni, FamPay is backed by some of the most respected investors around the world like Elevation Capital, Y-Combinator, Sequoia Capital India, Venture Highway, Global Founder’s Capital and the likes of Kunal Shah, Amrish Rao as angels.
About this Role
When someone plays Devil's advocate, be our advocate! 🙌We are looking for a Legal team member to join the Fam and add significant value to our product and business. You will be working with our stellar legal team in ensuring that the company operates as per law of the land & business, offer counsel on legal and compliance issues, create an effective guardian of the organization and facilitate business strategies development.

On the job

  • Evaluate and weigh multiple inputs and impacts of any decision or course of action, ability to anticipate issues and estimate risks strategically, identify proactive solutions that will eliminate or mitigate risks
  • Review, draft, and negotiate a variety of complex financial transaction documents relating to the company’s business products and provide advice to the business units regarding legal risks associated with such transactions
  • Deliver legal counsel and expertise on RBI related laws and regulations
  • Support in the legal structuring and advisory of new product launches
  • Draft and review contracts and other legal documents for various business lines including fin-tech, lending, payments, master services, technology, others & lead contract negotiation; (knowledge of relevant guidelines shall be added advantage)
  • Identify legal issues and risks that may affect various businesses of FamPay and ensuring compliances related thereto
  • Liason with the RBI and other relevant regulators and industry bodies.


  • Overall legal experience between 2-4 years
  • Law-firm or fintech start-up experience is required
  • Previous experience in corporate advisory, fund-raising work and in depth understanding of RBI's regulatory framework is required for this roleHave strong communication and drafting skills
  • Prior experience in liasoning and interacting with regulatory authorities, and ability to work on public policy matters with industry bodies, will be an added advantageIn-depth understanding of how legal issues affect organisations
  • Expertise in legal strategy, structuring, product feasibility studies, and compliance
  • Excellent knowledge of corporate law and regulatory procedures
  • Ability to work independently while collaborating with stakeholders, manage multiple priorities, and meet deadlines in a fast-paced and demanding environment
  • Well-versed in how businesses operate with financial acumen
  • Ability to anticipate legal issues or risks and to see around the corner
  • Bangalore based or willingness to relocate, and available to start as soon as possible
We offer competitive compensation packages, stock options, a hybrid work environment and an opportunity to work with a super young, dynamic and collaborative team.
Know more about us!
First Payments App Exclusively for Teens in India
Before FamPay, the only experience teens could have with money was asking their parents for more. By allowing them to make and receive payments, track their transactions, build a savings streak, and earn exciting rewards, we are enabling them to finally start gaining financial autonomy.
India’s First Numberless Card
Sleek, black, and numberless, our FamCard is aesthetically on point and makes carrying your card around super secure.
India’s First Rupay Card for Teens
The most personalized card ever with doodles on it! Making your own payments wherever you go is not only more convenient than ever but also in vogue💁‍♀️
Trusted by Marquee Investors
We are backed by internationally acclaimed investors including Elevation Capital, Y-Combinator, Sequoia Capital India, Venture Highway, Global Founder’s Capital, and the likes of Kunal Shah, and Amrish Rao as angels.
LinkedIn Top Startups
We were one of LinkedIn’s Top 25 Startups for 2021. Valuing talent over degree and creating a people-first culture has its perks ;)
Check out what Life at Fam looks like! 🌴