iPiD, a Singapore-based fintech startup, raised $3.3M in seed funding.
Backers included Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri.
Founded in 2021 by payment and technology experts, Damien Dugauquier, Eddie Haddad and Geertjan van Bochove, International Payments Identity (iPiD) enables market participants to simplify the cross-border payment experience, reduce failed payments and prevent fraud attempts thanks to a global bank account validation and proxy addressing service.
The platform has grown rapidly since inception with a presence in 8 countries alongside its HQ in Singapore. 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. This community includes leaders in the banking and fintech industries such as Bank Sahabat Sampoerna (Indonesia), CIMB (Malaysia), GCash (Philippines), YES BANK (India), Cashfree Payments (India), Wallex (Singapore), Opal Payments (Singapore), Moolahgo (Singapore), JiPay (Singapore), Equity BCDC (RDC), Exchange Bank of Canada (Canada).
The company has announced the appointment of Alain Raes, a payments industry expert and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.
In addition to Singapore, iPiD’s global team has representatives in Belgium, India, Malaysia, Netherlands, South Africa, Spain, and Vietnam.
FinSMEs
31/08/2022