Get All Access for $5/mo

IppoPay Acquires Risk Management Startup Tutelar Tutelar builds products for real-time KYC and transaction fraud detection and risk management at every level of the payments value chain

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

IppoPay Twitter handle

IppoPay, a verticalised payments infrastructure startup, has announced the acquisition of Tutelar, a full-stack AI-based risk management company. Tutelar builds products for real-time KYC and transaction fraud detection and risk management at every level of the payments value chain.

"Tutelar is our first and very important addition to the full-suite infra-stack that IppoPay is building. KYC and transaction fraud detection and risk management is a very critical problem that RBI, NPCI and the industry at large are trying to address. Addition of Tutelar makes IppoPay an important constituent in the fight against fraud in the payments space," said Mohan K, CEO, IppoPay.

IppoPay has over 170000 MSME merchants in Tamil Nadu. The company invested into by Coinbase Global Inc., Better Capital and Blume Founders Fund, as per company statement.

"We built Tutelar with a vision to improve reporting and control of payments fraud across industries and misselling especially affecting banks and financial intermediaries. We wanted to partner with someone who will help us build on this vision and will take this product global. We believe IppoPay is the right home for Tutelar and they have the chops to help us achieve our vision," said Pradeep, fouder and CEO, Tutelar.

Tutelar enables risk-free onboarding, dispute resolutions, KYC fraud detection, mis-selling prevention etc., benefitting not only the principals such as merchants and banks but also the intermediaries such as PA-PGs, issuers, fintechs and the TSPs such as payments processors and switch networks.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Google's AI Is Now Appearing in Gmail and Docs

AI is being introduced to some of Google's most popular products.

Side Hustle

She Grew Her Side Hustle Sales From $0 to Over $6 Million in Just 6 Months — and an 'Old-School' Mindset Helped Her Do It

Cynthia Sakai, designer and founder of the luxury personal care company evolvetogether, felt compelled to help people during the pandemic.

Money & Finance

How to Leverage Credit Cards for Business Growth (the Right Way)

By being aware of the risks and embracing best practices, entrepreneurs can make the most of credit cards.

Technology

Google New Gemini AI May Soon Power User To Customize Chatbots Based on Celebrities

The papers state that users can personalize these character-focused chatbots by drawing inspiration from their imaginations or by modeling them after famous people.

Business Solutions

5 Actionable Strategies to Improve Your Brand Reputation

For established brands or emerging franchisors wanting to connect with their base, here's actionable advice for improving industrywide reputation.

Business News

Apple Is Working on Making Its $3,499 Vision Pro More Affordable — and Mainstream. Here's How.

Apple's product is at least three times more expensive than Meta's version.