According to TechInAsia, Singapore-based fintech company IPID announced the completion of a $16 million Series A round led by Foundation Capital, with participation from Citigroup, HSBC, and existing investors QED Investors, Monk’s Hill Ventures, and Quona Capital. The new funds will be used to enhance its global payments intelligence network and expand into building payment rails, stablecoins, and digital asset markets in the United States.
Singapore Fintech IPID Completes $16M Series A Funding Led by Foundation Capital
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Summary
Singapore-based fintech firm IPID has closed a $16 million Series A funding round led by Foundation Capital. The funding announcement highlights participation from Citigroup, HSBC, and existing investors QED Investors, Monk’s Hill Ventures, and Quona Capital. The capital will accelerate expansion into the U.S. payment infrastructure, stablecoin, and digital asset markets. The firm aims to scale its global payment smart network with this new investment.
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