Fintech IppoPay acquires risk management startup Tutelar

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Fintech IppoPay acquires risk management startup Tutelar
Fintech IppoPay acquires risk management startup Tutelar

The startup enables risk-free onboarding, dispute resolutions, KYC fraud detection, transaction fraud detection, and mis-selling prevention — benefiting not only the principals (merchants and banks) but also the intermediaries (PA-PGs, issuers, and fintechs) and the TSPs (payments processors and switch networks)

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

The startup enables risk-free onboarding, dispute resolutions, KYC fraud detection, transaction fraud detection, and mis-selling prevention — benefiting not only the principals (merchants and banks) but also the intermediaries (PA-PGs, issuers, and fintechs) and the TSPs (payments processors and switch networks).

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

The startup also appointed Pradeep Kumar, Founder of Tutelar, to the IppoPay family as its risk specialist, as per reported by YourStory.

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