IPID Raises $16M Series A

IPID, a payment intelligence company based in New York and Singapore that provides bank account verification and fraud risk assessment for financial institutions, has raised $16 million in a Series A funding round. The company supports major institutions across more than 50 countries and is expanding its reach into U.S. payments and digital asset markets.

Investors

The funding round was led by Foundation Capital. Additional participants include Citi, HSBC, QED Investors, Monk's Hill Ventures, and Quona Capital.

IPID Use of Funds

IPID plans to use the capital to deepen its global payment intelligence network, accelerate its growth across the United States and Europe, and develop new capabilities to assist institutions with decision-making and payment operations for U.S. payment rails, stablecoins, and digital assets.

About IPID

Founded to solve challenges in the fragmented global payments landscape, IPID provides decision intelligence for banks, payment service providers, platforms, and corporations. Their platform enables institutions to verify payees, assess fraud risk, meet regulatory obligations, and enrich payment data to ensure secure and efficient transactions.

Funding Details

Company Website: https://ipid.tech

Company: IPID
Raised: $16M
Round: Series A
Funding Date: September 24, 2026
Lead Investor: Foundation Capital
Additional Investors: Citi, HSBC, QED Investors, Monk's Hill Ventures, Quona Capital
Company Website: www.ipid.tech
Software Category: Fintech
Source: https://www.prnewswire.com/news-releases/ipid-raises-16m-as-instant-payments-expose-a-growing-global-blind-spot-302888978.html