Singapore fintech IPID raises $16M Series A to expand payments network and stablecoin features
- —$16M Series A led by Foundation Capital
- —Citigroup, HSBC, QED Investors, Monks Hill and Quona Capital joined
- —IPID provides bank account verification to institutions in 50+ countries
- —Proceeds target US and Europe expansion and stablecoin features
Why it matters: Major banks backing account-verification and stablecoin payment infrastructure signals accelerating institutional adoption of digital assets.
Source: TokenPost