What is iPiD?
iPiD is a venture-backed fintech enterprise headquartered in Singapore, operating with a distributed global team spanning Asia, Europe, and Africa. The company specializes in developing sophisticated payment solutions designed to enhance transparency and efficiency in cross-border transactions. By addressing the friction inherent in legacy banking systems, iPiD provides the necessary infrastructure for financial institutions to modernize their payment capabilities.
The company's market position is bolstered by a high-caliber advisory board, featuring leaders from the Bill & Melinda Gates Foundation and Microsoft. This strategic guidance, combined with a focus on cloud-native technology and AI-driven data processing, allows iPiD to offer scalable, secure, and compliant payment services that meet the rigorous demands of modern enterprise clients.
How much funding has iPiD raised?
iPiD has raised a total of $8.6M across 2 funding rounds:
Angel/Seed
$3.3M
Other Financing Round
$5.3M
Angel/Seed (2022): $3.3M with participation from Jungle Ventures, Rapyd Ventures, 1982 Ventures, and Resolution Ventures
Other Financing Round (2024): $5.3M led by Monk's Hill Ventures, QED Investors, and Jungle Ventures
Key Investors in iPiD
Monk's Hill Ventures
Monk's Hill Ventures is a VC firm specializing in early-stage technology investments across Southeast Asia, focusing on founders who aim to solve large-scale problems through innovation.
QED Investors
QED Investors is a boutique venture capital firm that provides hands-on operational expertise to disruptive financial services companies globally.
Jungle Ventures
Jungle Ventures is a Singapore-based independent venture capital firm that partners with startups from the concept stage through to IPO, focusing on scalable B2B and B2C businesses.
What's next for iPiD?
With the successful closure of its latest financing, iPiD is well-positioned to scale its operations and deepen its footprint in key emerging markets. The strategic capital will likely be deployed toward enhancing its core product suite, expanding its engineering talent pool, and strengthening its regulatory compliance framework to support global expansion.
As the fintech sector continues to prioritize interoperability and real-time payment processing, iPiD's focus on infrastructure-level innovation remains a significant competitive advantage. The company is expected to leverage its recent backing to forge deeper partnerships with global financial institutions, further cementing its role as a foundational layer in the future of digital finance.
