IPID

IPID

API-based platform for alias-based payments

Overview

iPiD enables banks and payment service providers to offer alias-based payments via an API, so users can pay using an alias instead of sharing traditional banking details. The API integrates with financial institutions and uses cloud hosting with decentralized data architecture, tokenization, and end-to-end encryption to securely process global transactions while respecting data privacy and localization rules. It differentiates itself by focusing on alias-based routing and strong privacy controls to minimize exposure of bank details and improve the user experience. The goal is to become the preferred destination for payments by reducing fragmentation in financial services and delivering a secure, privacy-preserving global payments experience.

About IPID

Simplify's Rating
Why IPID is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Cybersecurity

Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$8.6M

Headquarters

Singapore

Founded

2021

Get referred to IPID

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • iPiD signed Tazapay on May 20, 2026, reaching 1,000+ enterprise flows.
  • Hana Bank deployed iPiD in March 2026 for UK and EU verification.
  • DOZN and Mazepay partnerships expanded iPiD’s Korea and supplier-payment footprint in 2026.

What critics are saying

  • Banks can internalize VoP, compressing iPiD’s middleware margins within 12 months.
  • Citi, Nium, and Tazapay partnerships create customer concentration and renewal exposure.
  • Regulation-driven demand fades if CoP and VoP rollouts slow outside Europe.

What makes IPID unique

  • Single-API payee verification spans UK CoP, EU VoP, and global corridors.
  • Tazapay and Hana Bank validate iPiD’s cross-border verification stack in 2026.
  • Mastercard Start Path backs iPiD’s compliance-grade beneficiary verification positioning.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$8.6M

Above

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$5.3M
IPID

Benefits

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

3%

2 year growth

1%
Fintech News Network
May 20th, 2026
Tazapay adds iPiD verification tools as cross-border payment volumes grow.

Tazapay adds iPiD verification tools as cross-border payment volumes grow. Clients can now access real-time account validation and beneficiary name matching through their existing setup. Get the hottest Fintech Singapore News once a month in your Inbox Tazapay has added iPiD's payee verification tools to help businesses check payment recipients before sending money across borders. The integration embeds iPiD's Know Your Payee capability directly into Tazapay's platform. Tazapay provides local collection and payouts across more than 70 markets, alternative payment methods, virtual accounts, multi-jurisdiction licensing and stablecoin-to-fiat settlement. It serves more than 1,000 enterprises and fintechs across 30 countries, processing billions of dollars in annualised payment volume. Businesses can now access real-time account validation and beneficiary name matching through their existing Tazapay setup. iPiD's single-API model supports checks across different markets and payment schemes without requiring multiple local integrations. The move comes as Tazapay supports both traditional payment rails and stablecoin-to-fiat settlement, including for web3 companies and enterprises operating in emerging market corridors. Tazapay recently extended its Series B round, led by Circle Ventures with participation from Coinbase Ventures and CMT Digital. Damien Dugauquier, Co-Founder and CEO of iPiD, said, "Tazapay has solved something genuinely difficult in giving any business access to the full complexity of global payments through a single platform. When you're operating at that scale and across that many markets, trust in who gets paid cannot be an afterthought. That's what iPiD brings to this partnership - and why we're proud to be part of the infrastructure that helps businesses go global with confidence." Aayush Singhania, Chief Product Officer at Tazapay, said, "Businesses that come to Tazapay want to move money across borders without compromise. Integrating iPiD means we can now add payee verification to that promise, so our clients know the payment is going to the right place before it moves." Featured image: From left to right: Quinn Pham, Regional Director APAC, iPiD | Damien Dugauquier, Co-Founder & CEO, iPiD | Aayush Singhania, Chief Product Officer, Tazapay | Abhishek Sharma, Director of Banking Partnerships, Tazapay

Fintech News Network
Mar 26th, 2026
iPiD expands Korea footprint through DOZN and Hana Bank partnerships.

iPiD expands Korea footprint through DOZN and Hana Bank partnerships. This reflects growing demand for tools that can help reduce fraud and payment errors in international transactions. Get the hottest Fintech Singapore News once a month in your Inbox iPiD has struck two deals in Korea, bringing its payee verification tools to DOZN's clients and Hana Bank's cross-border payment operations. DOZN, a Korean digital commerce and payments platform, will resell iPiD Validate to financial institutions, payment service providers and corporates in Korea. The real-time payee verification service allows users to check account details before a payment is made through features such as name matching, account confirmation and pre-payment validation. The partnership comes as Korean payment providers and businesses handle more cross-border transactions and face pressure to reduce fraud, prevent misdirected payments and improve efficiency. "Korea is one of the world's most dynamic digital economies. Our partnership with DOZN brings trusted, accurate payee verification to a market that is scaling rapidly across borders. Together, we're helping Korean institutions strengthen trust in every transaction," said Damien Dugauquier, Co-Founder & CEO of iPiD. Meanwhile, Hana Bank has deployed iPiD Node to support payee verification under the UK's Confirmation of Payee framework and Europe's Verification of Payee requirements. Through a single integration, the bank can confirm whether a beneficiary's name matches the account details before funds are sent across UK and European payment corridors. The setup is intended to reduce payment errors and lower the risk of authorised push payment fraud without adding operational complexity. Hana Bank said the service will support cross-border payments by businesses and individuals, including overseas transfers for expenses such as tuition and rent. Featured image: Edited by Fintech News Singapore, based on image by mrsiraphol via Freepik

iPiD
Sep 18th, 2025
Lean Technologies Partners with iPiD to Enhance Global Payee Verification Solution

Lean Technologies partners with iPiD to enhance global payee verification solution.

PR Newswire
Aug 12th, 2025
Nium and iPiD Deepen Strategic Collaboration to Advance VoP Compliance and Global Fraud Prevention

SINGAPORE, Aug. 11, 2025 /PRNewswire/ - Nium, the leading global infrastructure for real-time cross-border payments, today announced the expansion of Verify, its account validation service, in Europe, through a strengthened strategic partnership with iPiD, the provider of the Know Your Payee (KYP) solution, iPiD Node.

FF News
May 28th, 2025
Emirates Nbd Partners With Ipid To Enhance Payment Safety With Global Payee Verification

Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD, a global Know Your Payee (KYP) validation provider. The collaboration will enable Emirates NBD to provide real-time beneficiary validation for cross-border payments. With this solution, customers can verify payee names, IBANs and account numbers in real time, before a payment is made. This will help reduce fraud, prevent transaction failures due to inaccurate details and boost efficiency.By integrating iPiD’s solution, Emirates NBD strengthens its fraud prevention strategy while laying the groundwork for scalable payee verification across global markets. This collaboration underscores Emirates NBD’s leadership in embracing innovative and advanced technologies to offer a safer banking experience.Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, said: “At Emirates NBD we are committed to delivering an exceptional digital experience for our customers, underpinned by robust security and trust. Our partnership with iPiD – bringing global payee verification capabilities to enhance cross-border payments– reinforces this commitment

Recently Posted Jobs

Sign up to get curated job recommendations

IPID is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →