Cross-border payments platform iPiD raises $3.3M in seed funding round
- ByStartupStory | September 3, 2022
iPiD, a fintech business that operates as a cross-border payments platform, has raised $3.3 million seed funding round led by Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network, and Wing Vasiksiri. Along with the funding, the business hired Alain Raes, a long-time payments industry veteran and former SWIFT executive, as its Chief Commercial Officer (CCO).
International Payments Identity (iPiD) is a fintech business founded in 2021 by Damien Dugauquier, Eddie Haddad, and Geertjan Van Bochove to simplify cross-border payments and prevent fraud attempts. “We are overjoyed that Rapyd Ventures, Jungle Ventures, and many fintech-focused Venture Funds realize the potential of iPiD’s solution in enabling seamless cross-border payments,” says co-founder and CEO Damien Dugauquier. “As trusted partners, they will contribute operational experience and growth capital to accelerate our go-to-market strategy and position iPiD for the next stage of growth.”
According to the business, with iPiD, financial institutions can recreate globally the seamless and easy experience that their clients in many countries have grown accustomed to for domestic payments. The company claims to have established a presence in eight countries, including India. It also revealed that over 20 financial institutions from 15 countries have expressed an interest in using iPiD’s worldwide validation and addressing technology and are collaborating with the company to help improve its array of goods and services.
According to the business, with iPiD, financial institutions can recreate globally the seamless and simple experience that their clients in many countries have grown accustomed to for domestic payments. The business claims to have established a foothold in eight countries, including India. It also revealed that more than 20 financial institutions from 15 countries have expressed an interest in using iPiD’s worldwide validation and addressing technology and are collaborating with the company to help improve its array of goods and services.
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