iPiD

Based in Singapore, and founded in 2021 by CEO Damien Dugauquier, Eddie Haddad, and Geertjan van Bochove, International Payments Identity (IPID) Pte. Ltd. , d. b.

a. iPiD operates as a provider of financial technology application integration (API) platform that enables one to make a payment anywhere around the world sing only a phone number or other alias. In August 2022, International Payments Identity (IPID) Pte. Ltd.

raised USD 3. 3 million in seed funding from Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, and XA Network. iPiD provides an application programming interface (API) platform that verifies payee name and bank account details and maps proxies with bank account details to enable cross-border payments. The company’s unique validation solution enables financial institutions to reduce authorized push payment fraud risk by validating the payee’s name and bank account details before the customer’s payment is made.

The iPiD offers a fetch solution that uses a proxy addressing service to enable users to send cross-border payments to bank accounts based on a phone number or another alias. The firm’s API retrieves the name and account details mapped to the alias provided by financial institutions' customers. iPiD’s client base includes Bank Sahabat Sampoerna (Indonesia), CIMB (Malaysia), GCash (Philippines), YES BANK (India), Cashfree Payments (India), Wallex (Singapore), Opal Payments (Singapore), Moolahgo (Singapore), JiPay (Singapore), Equity BCDC (RDC), Exchange Bank of Canada (Canada).