Rating: MPX

IppoPay experiences 94% revenue decline in FY24, swings to losses

Chennai-based fintech startup IppoPay experienced a 94% revenue drop, falling to Rs 18.12 crore in FY24. The company, founded in 2022, has raised Rs 17.33 crore in funding and reported losses of Rs 52.40 crore amid declining expenses and negative margins.

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https://thekredible.com/blogs/....ippopay-experiences-

IppoPay experiences 94% revenue decline in FY24, swings to losses
thekredible.com

IppoPay experiences 94% revenue decline in FY24, swings to losses

Chennai-based fintech startup IppoPay saw a 94% revenue drop, declining from Rs 329.77 crore in FY23 to Rs 18.12 crore in FY24.