Neobank startup IppoPay acquired AI-enabled risk management startup Tutelar

Neobank startup IppoPay acquired AI-enabled risk management startup Tutelar for an undisclosed amount.

Tutelar’s acquisition will assist IppoPay in preventing fraudulent payment activities. Pradeep Kumar, the founder of Tutelar, will also join IppoPay as a risk specialist. Tutelar creates fraud detection products for the online payment industry. It essentially assists banks and other financial intermediaries in making safe and secure online payments. Tutelar creates fraud detection products for the online payment industry. It essentially assists banks and other financial intermediaries in making safe and secure online payments.