About IppoPay
IppoPay is a company based in Chennai (India) founded in 2020 by Mohan Karuppaiah and Jai Kumar. IppoPay has raised $4.65 million across 3 funding rounds from investors including Coinbase, StartupTN and Mithun Sacheti. The company has 404 employees as of April 05, 2024. IppoPay has completed 3 acquisitions, including Roamsoft Tech, Tutelar and Tutelar. IppoPay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Chennai, India
- Employees 404 as on 05 Apr, 2024
- Founders Mohan Karuppaiah, Jai Kumar
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ippopay Technologies Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$39.65 M (USD)583.46as on Mar 31, 2023
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Net Profit
$15.45 M (USD)343.33as on Mar 31, 2023
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EBITDA
$20.61 M (USD)319.97as on Mar 31, 2023
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Total Equity Funding
$4.65 M (USD)
in 3 rounds
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Latest Funding Round
$2.3 M (USD), Angel Round
Aug 06, 2024
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Investors
Coinbase
& 13 more
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Employee Count
404
as on Apr 05, 2024
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Investments & Acquisitions
Roamsoft Tech
& 2 more
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Funding Insights of IppoPay
IppoPay has successfully raised a total of $4.65M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $2.3 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in IppoPay
IppoPay has secured backing from 14 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Coinbase, StartupTN and Mithun Sacheti.
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Early-stage companies are invested in by Better Capital.
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Seed and early-stage investments are made across sectors in India.
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Potato farming, grain marketing, and equipment services in Maine.
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Investor details for IppoPay
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Investments & Acquisitions by IppoPay
IppoPay has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Roamsoft Tech, Tutelar and Tutelar.
Investment portfolio details for IppoPay
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- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
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Physical security services are provided to safeguard assets and facilities.
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Fraud risk management solutions are provided through cloud-based platform.
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Application development services are provided by Roamsoft Tech in India.
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Complete acquisition details for IppoPay
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - IppoPay
Detailed financials for IppoPay
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Ippopay Comparisons
Peer comparison for IppoPay
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of IppoPay
IppoPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Payment issuance and processing solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of IppoPay
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Latest news on Ippopay
Complete news archive for IppoPay
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about IppoPay
IppoPay was founded in 2020 and raised its 1st funding round 1 year after it was founded.
IppoPay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Mohan Karuppaiah is the current CEO of IppoPay. They have also founded this company.
IppoPay is a funded company, having raised a total of $4.65M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at IppoPay is 404.
Annual revenue of IppoPay is $39.65M as on Mar 31, 2023.
IppoPay was established in 2020 in Chennai, India, within the fintech sector. Payment aggregation services are offered to businesses for collecting transactions from customers and vendors using QR codes, UPI, and POS systems. Financial operations are managed through integrations via SDKs, RESTful APIs, and plugins across multiple platforms and languages. Data analysis is enabled to support operational growth.
IppoPay has made 3 acquisitions, including Roamsoft Tech, Tutelar, and Tutelar.
IppoPay has 14 investors. Key investors include Coinbase, StartupTN, Mithun Sacheti, Siddhartha Sacheti, and Better Capital.
The valuation of IppoPay is $12.21M as of Sep 2021.