IppoPay Secures $23 Million Investment from Mithun Sacheti, Founder of CaratLane
Fintech Startup IppoPay Raises Funding for Growth and Expansion
Chennai-based FinTech startup IppoPay has secured an investment from Mithun Sacheti, the Founder of CaratLane. The undisclosed amount will be used to further develop IppoPay's products and services, as well as expand its reach into new markets.
IppoPay is a mobile-based payment platform that allows small businesses in India to accept payments from their customers using smartphones. The company was founded in 2017 by Mohan K, who has over 15 years of experience in the fintech industry.
The investment from Mithun Sacheti is a significant boost for IppoPay, and it will help the company to accelerate its growth. Mithun Sacheti is a successful entrepreneur and investor, and his backing is a strong endorsement of IppoPay's potential.
IppoPay is one of a number of fintech startups that are emerging in India. The country's rapidly growing smartphone market and its large population of small businesses make it a ripe market for fintech innovation. IppoPay is well-positioned to capitalize on this growth, and its recent investment will help the company to establish itself as a leading player in the Indian fintech market.
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