Singapore fintech company IPID completes $16 million Series A funding round, led by Foundation Capital

On October 5, Singaporean fintech company IPID 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 capital will be used to optimize its global payment intelligence network and expand into building U.S. payment rails, stablecoins, and digital asset markets.