iPiD (International Payment Identity) was launched in 2021 by a team of former Swift executives and offers payee verification and identification solutions to secure and simplify global payments. Its core products include a Validate API and an all-in-one node capable of responding to and requesting IBAN verification with thousands of PSPs across Europe. The technology is designed to reduce fraud risks, lower payment failures, and improve the customer experience for cross-border and instant payments. iPiD is accelerating commercial rollout of its Verification of Payee solutions in Europe to help PSPs comply with an upcoming Verification of Payee regulation planned for October 2025. The company also plans to expand product coverage globally and develop new payments-fraud prevention products. iPiD already has a significant team presence and operations in Asia, including Southeast Asia, and intends to intensify focus there. iPiD offers a global bank account validation and proxy addressing platform designed to simplify cross-border payments, reduce failed payments and prevent fraud attempts. Founded in 2021 by Damien Dugauquier, Eddie Haddad and Geertjan van Bochove, the company is headquartered in Singapore. Its platform has grown rapidly since inception and it now has a presence in eight countries. More than 20 financial institutions across 15 countries have signalled their intent to use iPiD’s validation and addressing technology and are working with the company to evolve its products and services. iPiD’s community of prospective partners includes banks and fintechs such as Bank Sahabat Sampoerna, CIMB, GCash, YES BANK, Cashfree Payments, Wallex and others. The company appointed Alain Raes, a former SWIFT executive and payments industry expert, as Chief Commercial Officer.

Total raised

$9M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2024