Odaily Planet Daily report: Singapore-based fintech company IPID has announced the completion of a $16 million Series A funding 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 U.S. payment rails, stablecoins, and digital asset markets.
IPID Completes $16M Series A Funding Led by Foundation Capital
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Summary
IPID, a Singapore-based fintech firm, has closed a $16 million Series A funding round led by Foundation Capital, with Citigroup, HSBC, and existing investors also participating. This funding announcement marks a key step in its growth strategy. The capital will be used to enhance its global payment smart network and expand into the U.S. market, including areas such as stablecoins and digital assets. The company aims to strengthen its infrastructure and market presence through this investment.
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