Fintech startup iPiD bags $3.3-M from Jungle Ventures, others

Singapore-based fintech startup International Payments Identity (iPiD) has raised USD 3.3 million in a seed funding round from Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri. The company also appointed Alain Raes, a payments industry expert and former SWIFT executive, as Chief Commercial Officer. Founded in 2021 by Damien Dugauquier, iPiD aims to enable a simpler cross-border payment experience and prevent frauds.