Fintech co Ippopay acquires risk mgmt startup Tutelar

Fintech startup IppoPay has acquired Chennai-headquartered Tutelar, which builds products for real-time KYC (know your customer) process, transaction fraud detection and risk management for merchants and banks, in an all-cash deal. Tutelar was launched by former Aggrepay CEO Pradeep Kumar. Post the acquisition, he will join IppoPay as chief risk officer. IppoPay is a vertical payments solutions company and claims to have over 1,70,000+ MSME merchants in Tamil Nadu. It is backed by Coinbase Global, Better Capital and Blume Founders Fund.