Singapur-based Fintech Startup iPiD (International Payments Identity), has raised $3.3 million in its seed round led by Rapyd Ventures, Jungle Ventures, 1982 Ventures, XA Network, Saison Capital, Resolution Ventures, and angel investor Wing Vasiksiri participate in this round.
iPiD claims to have grown rapidly since inception with a presence in 8 countries including India. iPiD also announced that more than 20 financial institutions across 15 countries have signalled their intent to use iPiD’s global validation and addressing technology and are working with the company to help evolve its suite of products and services.
iPiD’s community includes institutions and startups in the banking and fintech sectors, such as YES BANK (India), Cashfree Payments (India), and Bank Sahabat Sampoerna (Indonesia), among others.
In addition, the company has announced the appointment of Alain Raes, a long-serving payments industry specialist and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.
Founded in 2021 by Alain Raes, Damien Dugauquier, Eddie Haddad and Geertjan van Bochove, iPiD enables market participants to simplify the cross-border payment experience, reduce failed payments and prevent fraud attempts.
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