IPID raises $16m Series A to expand payment intelligence
Foundation Capital led the round as IPID plans deeper US and European coverage and support for more payment rails.
Extending the network across rails and markets
Foundation Capital led IPID’s $16 million Series A, joined by Citi, HSBC, QED Investors, Monk’s Hill Ventures and Quona Capital. The company already supports financial institutions in more than 50 countries.
The investment will deepen IPID’s payment-intelligence network and accelerate growth in the US and Europe. Planned platform expansion covers US payment rails, stablecoins and other digital assets.
Use of funds
Deepen the global payment intelligence network
Accelerate growth in the United States and Europe
Expand the platform across U.S. payment rails, stablecoins, and digital assets