IppoPay, a fintech startup, has announced the acquisition of Tutelar, a full-stack AI-based risk management company. Tutelar builds products for real-time KYC and transaction fraud detection and risk management at every level of the payments value chain.
“Tutelar is our first and very important addition to the full-suite infra-stack that IppoPay is building. KYC and transaction fraud detection and risk management is a very critical problem that RBI, NPCI and the industry at large are trying to address. Addition of Tutelar makes IppoPay an important constituent in the fight against fraud in the payments space,” said Mohan K, CEO, IppoPay.
IppoPay has over 170000 MSME merchants in Tamil Nadu. The company invested in Coinbase Global Inc., Better Capital and Blume Founders Fund, as per the company statement.
“We Start Tutelar with a vision to improve reporting and control of payments fraud across industries and misselling especially affecting banks and financial intermediaries. We wanted to partner with someone who will help us build on this vision and will take this product globally. I believe IppoPay is the right home for Tutelar and they have the chops to help us achieve our vision,” said Pradeep, founder and CEO, of Tutelar.
About Tutelar
Tutelar offers to improve payment fraud reporting and control across industries and mis-selling especially affecting banks and financial intermediaries.
About Ippopay
IppoPay is a Payment Aggregator for businesses that collect and accept payments from their customers using Payment links, Invoices, Subscriptions, Social Commerce, and UPI. We target businesses, freelancers, homeprenures, and people who do business in Tier 2 and 3 cities.
Subscription: IppoPay helps small business like milk vendors, newspaper agencies, and Service AMC business/individuals to receive monthly/weekly/daily recurring payments
Social Commerce: IppoPay helps bring offline business online. Create your online store in 20 sec. Create an online, showcase & manage your products over social media and increase your sales.
UPI and Tap to Phone: We have all kinds of stores/vendors to receive payments via UPI. IppoPay offers stores/sellers a simple way to accept card payments. Contactless payments acceptance through the seller’s smartphone. Sellers do not require additional hardware. Easy to set up on their own phone.
Payment Gateway: Accept domestic and international payments with 100+ payment options via Payment Links, Invoice, Web API, SDKs, and eCommerce plugins.
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