Fintech startup iPiD bags $3.3 Mn in seed round

International payments addressing startup iPiD has raised $3.3 million in its seed round led by Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri.

Founded in 2021 by 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. 

The platform 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 industries 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-time payments industry expert and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.