Fintech startup Worldwide Funds Identification (iPiD) introduced a US$3.3 million seed funding spherical and the appointment of Alain Raes, a long-time funds trade knowledgeable and former SWIFT govt, as its Chief Industrial Officer.
iPiD secured the funds from Rapyd Ventures, Jungle Ventures, 1982 Ventures, Decision Ventures, Saison Capital, the XA Community and Wing Vasiksiri.
Based in 2021 by cost and know-how specialists, Damien Dugauquier, Eddie Haddad and Geertjan van Bochove, iPiD a presence in 8 international locations alongside its HQ in Singapore.
iPiD permits market members to simplify the cross-border cost expertise, scale back failed funds and stop fraud makes an attempt with its international checking account validation and proxy addressing service.
The corporate is at present working with Financial institution Sahabat Sampoerna (Indonesia), CIMB (Malaysia), GCash (Philippines), YES BANK (India), Cashfree Funds (India), Wallex (Singapore), Opal Funds (Singapore), Moolahgo (Singapore), JiPay (Singapore), Fairness BCDC (RDC), Alternate Financial institution of Canada (Canada).
Damien Dugauquier
“We’re delighted that Rapyd Ventures, Jungle Ventures and a number of other fintech-focused Enterprise Funds can see the potential of iPiD’s answer within the creation of frictionless cross-border funds.
As our valued companions, they may present working expertise and development capital to speed up our go-to-market technique and assist us to place iPiD for the following section of development,”
mentioned Damien Dugauquier, Co-founder and CEO of iPiD.
Having joined the iPiD’s administration staff because the Chief Industrial Officer, Raes will play a essential function in serving to the agency scale its enterprise.
He has sturdy relationships with monetary establishments and deep understanding of funds and know-how – together with home and cross-border funds, market infrastructures, retail and company funds, compliance, regulatory points, and cell applied sciences.
Alain Raes
“I’m thrilled to affix iPiD at this important stage within the firm’s growth and for the trade. The pattern in the direction of frictionless funds is unstoppable. It started within the home area and is transferring to worldwide funds.
As a result of our answer may be built-in into any current cost system, we’re completely positioned to assist that transformation whereas leveraging current infrastructure. Our answer really is a recreation changer.”
mentioned Raes.
