Angel Investments
Fintech start-up IppoPay raises $250,000
IppoPay, a Chennai-based fintech start-up that provides digital payment solutions to merchants in tier-2 and tier-3 cities, has raised $250,000 in pre-seed funding from early-stage investor Better Capital along with Prabhu Rangarajan (co-founder of M2P) and Sailesh Ramakrishnan (partner at Rocketship VC). The company intends to use the proceeds to reach 100,000 merchants and expand its suite of offerings. IppoPay claims that its platform has recorded transactions worth INR 1,750 crore in over one crore transactions for about 5,000 merchants. IppoPay is currently partnered with YES Bank, Axis Bank, ICICI Bank and Paytm Bank.
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