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IppoPay, a financial technology startup, has secured an undisclosed sum of money from Mithun Sacheti, the creator of CaratLane, and Siddhartha Sacheti, the CEO of Jaipur Gems.
the startup based in Chennai would utilize the funds to improve customer experience, broaden service offerings, and establish strategic alliances to foster additional innovation.
IppoPay is a payment infrastructure provider that specifically caters to small businesses operating in tier II and III cities as well as rural areas.
The company facilitates UPI payments for small enterprises through the use of QR codes. Additionally, it aims to support micro, small, and medium enterprises (MSMEs) in the process of opening current accounts and expediting the movement of funds.
IppoPay has obtained approval from the National Payments Corporation of India (NPCI) to operate as a third-party application provider (TPAP).
Read also - Hyperbots Secures $2 Mn Seed Funding Round from Kalaari
TechFini, a subsidiary of IppoPay, has recently obtained certification from NPCI to function as a payment infrastructure provider for banks and fintech companies, utilizing the UPI platform.
The organization stated that it has a significant presence in Tamil Nadu and is currently expanding its operations to include Andhra Pradesh, Telangana, Karnataka, and Kerala.
About IppoPay
Founded in 2020 by Mohan K, IppoPay is a Chennai-based Fintech Startup. We are payment aggregators for businesses that collect and accept payments from their customers and vendors.
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