The startup looks to use the fresh capital to further strengthen its technology stack, including its payments engine, and power its growth into new regions and market segments, such as small-to-medium-sized businesses. ”Founded in November 2020, IppoPay has enabled 50,000 offline merchants and daily income earners in the Indian Tier 2, Tier 3, and rural market to increase their revenues through the acceptance of online payments, the company said. “I am excited to see Coinbase Ventures and Blume Ventures join us on the IppoPay journey as the company defines the financial digitization roadmap for millions of small businesses in Tier 2 to Tier 4 India with a suite of products for payment, payouts, BNPL, and more," Vaibhav Domkundwar of Better Capital, an early backer of fintech innovators like Slice, Rupeek, Open, and others said.