IPID Raises $16 Million to Build Out U.S. Payment Rails

Singapore fintech IPID raised $16 million in a Series A round to improve its global payments intelligence network, build out U.S. payment rails and expand in stablecoins and digital assets.

Foundation Capital led the financing. Citigroup and HSBC joined existing investors QED Investors, Monk's Hill Ventures and Quona Capital in the round.

IPID will use the new funding to improve its global payments intelligence network and expand its U.S. payment rails. The funding announcement also identified stablecoins and digital assets as areas for expansion.