IppoPay raises $2.1 mn in seed funding from Coinbase Ventures, others

Set up in November 2020, IppoPay has enabled 50,000 offline merchants and daily income earners in Indian Tier-2, Tier-3, and rural markets to boost their revenues through acceptance of payments online

IppoPay, a neo-bank for Bharat offering all banking services under one umbrella, announced a fund raise of $2.1 million in seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of angel investors.

Founded in November 2020, the IppoPay platform has enabled 50,000 offline merchants and daily income earners in Indian Tier-2, Tier-3, and rural markets to increase their revenues through the acceptance of payments online. IppoPay instantly provides its merchants with business bank accounts, debit cards, and an end-to-end payments stack, said the company in a statement.

This new funding round will be used to further strengthen IppoPay’s