IppoPay, a Chennai-based fintech start-up, today announced raising of $2.1 million in seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors. Founded in November 2020, IppoPay provides payment infrastructure to small businesses enabling them to collect and distribute payments seamlessly. The company claims to have enabled 50,000 offline merchants and daily income earners in smaller towns and rural markets to increase their revenues through the acceptance of online payments. “Our goal is to help offline merchants increase their sales and profits 10x while reducing friction in the customer experience,” Mohan K, CEO, Ippopay said in a press release. “I am excited to see Coinbase Ventures and Blume Ventures join us on the IppoPay journey.

Source: The Hindu January 11, 2022 17:52 UTC