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IPID secures $16 million in Series A funding led by Foundation Capital, with Citi and HSBC participating. The funding will enhance its payment data services for financial institutions.
Amount Raised
$16 Million
Round Type
Series A
Investors
Description
IPID, a payment data company, announced a Series A funding round of $16 million led by Foundation Capital, with participation from Citi, HSBC, and existing investors. The company focuses on bank account verification and assists financial institutions in over 50 countries. This funding will enable IPID to address challenges in digital payments and improve decision intelligence for institutions. The platform is set to expand its services in U.S
Fundz sees it the moment iPiD raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansiPiD raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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