About iPiD
iPiD is a company based in Singapore (Singapore) founded in 2021 by Alain Raes, Geertjan Van Bochove, Edward Haddad, and Damien Dugauquier.. iPiD has raised $8.6 million across 2 funding rounds from investors including Rapyd, Quona and Jungle Ventures. iPiD offers products and services including KYP Verification, EU Verification of Payee, UK Confirmation of Payee, and Global Validation. iPiD operates in a competitive market with competitors including Prime Trust, AuthBridge, Brankas, RootAnt and Inypay, among others.
- Headquarter Singapore, Singapore
- Founders Alain Raes, Geertjan Van Bochove, Edward Haddad, Damien Dugauquier
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name International Payments Identity (Ipid) Pte. Ltd
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$8.6 M (USD)
in 2 rounds
-
Latest Funding Round
$5.3 M (USD), Seed
Jun 05, 2024
-
Investors
Rapyd
& 9 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of iPiD
iPiD offers a comprehensive portfolio of products and services, including KYP Verification, EU Verification of Payee, UK Confirmation of Payee, and Global Validation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for verifying payee details to prevent fraud and errors
Tool for EU regulatory checks on payment recipients
System for confirming payee details in UK transactions
API for worldwide payee verification to reduce fraud
Unlock access to complete
Funding Insights of iPiD
iPiD has successfully raised a total of $8.6M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.3 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $5.3M
-
First Round
First Round
(31 Aug 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - iPiD | Valuation | Monk's Hill Ventures | |
| Aug, 2022 | Amount | Seed - iPiD | Valuation | Rapyd , Jungle Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iPiD
iPiD has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Rapyd, Quona and Jungle Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
|
Founded Year | Domain | Location | |
|
Early-stage fintech investments are focused on in Southeast Asia.
|
Founded Year | Domain | Location | |
|
Early-stage Fintech investments are made in Southeast Asia.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by iPiD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - iPiD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ipid Comparisons
Competitors of iPiD
iPiD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Prime Trust, AuthBridge, Brankas, RootAnt and Inypay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
|
|
| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
|
|
| domain | founded_year | HQ Location |
Open finance platform and banking-as-a-service APIs are provided.
|
|
| domain | founded_year | HQ Location |
SaaS-based investment platform is offered for financial institutions.
|
|
| domain | founded_year | HQ Location |
Banking-as-a-service platform is operated for financial institutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ipid
Frequently Asked Questions about iPiD
When was iPiD founded?
iPiD was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is iPiD located?
iPiD is headquartered in Singapore, Singapore.
Who is the current CEO of iPiD?
Damien Dugauquier is the current CEO of iPiD. They have also founded this company.
Is iPiD a funded company?
iPiD is a funded company, having raised a total of $8.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Aug 31, 2022.
What does iPiD do?
iPiD was founded in 2021 in Singapore as a fintech company focused on payment processing. An API-based platform is provided to orchestrate data and facilitate global transactions using identifiers such as phone numbers, email addresses, Facebook IDs, and QR codes. Banks and payment fintech firms are enabled to integrate these services, supporting secure customer experiences while enhancing operational efficiency and cost management across international operations.
Who are the top competitors of iPiD?
iPiD's top competitors include Brankas, AuthBridge and Prime Trust.
What products or services does iPiD offer?
iPiD offers KYP Verification, EU Verification of Payee, UK Confirmation of Payee, and Global Validation.
Who are iPiD's investors?
iPiD has 10 investors. Key investors include Rapyd, Quona, Jungle Ventures, 1982 Ventures, and Resolution Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.