Ipid raises $16M Series A to verify payments across borders
What's the deal? IpidDealroom has a profile for this one. Try Dealroom →, a payment intelligence firm, has raised $16 million in a Series A round led by Foundation Capital, with participation from Citi, HSBC, and existing investors. It runs bank account verification across more than 50 countries.
Why now? As digital payments accelerate globally, verification data has struggled to keep pace, leaving institutions often uncertain about who they are paying. That gap raises exposure to scams, with fraud losses projected to reach $331 billion by 2027.
What's the endgame? Ipid plans to use the funding to expand its global network and sharpen payment decision-making for financial institutions. It is preparing to move into US payments and digital assets.
The signal: A $16 million round sits toward the larger end of early-stage deals, and the backing of both Citi and HSBC points to demand from major banks for tools that close the verification gap in instant payments.
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Image credit: Ipid
