SEA Deal Ticker
Citi and HSBC back the check before a transfer leaves: Singapore's iPiD raises US$16M
iPiD confirms a recipient's bank account is real and matches the name before money moves. Foundation Capital led the Series A; its network covers 6,500 financial institutions and about 4 billion accounts.
Positive-sum angle: The round funds a push into the US, Europe and stablecoin payments. A payments startup worried about misdirected transfers now has a Singapore-built check its bank partners already trust.