International Payments Identity(IPiD)

What International Payments Identity(IPiD) does

International Payments Identity (iPiD) is a Singapore-incorporated fintech founded in 2021 that operates a global Know Your Payee (KYP) verification platform addressing the structural problem that cross-border payments are fragmented, error-prone, and increasingly targeted by fraud. The company's core technology is a single REST API that provides real-time bank account validation and AI-powered name matching across 50+ countries covering billions of bank accounts, functioning as a payment rail-agnostic overlay service that integrates with both Requestor and Responder sides of domestic verification schemes including UK Confirmation of Payee (CoP), EU Verification of Payee (VoP), US NACHA, and Australia CoP.

iPiD's product portfolio consists of three offerings: iPiD Validate (the core global payee verification API), iPiD Node (a scheme-compliance layer connecting to domestic payment schemes with forensic and corridor-level intelligence), and Payment Agent (an agentic layer that captures payment intent from unstructured sources such as invoices, messages, and screenshots and runs verification before payment execution). The AI-powered name-matching technology is co-developed with Microsoft using Azure AI Foundry, providing differentiated accuracy across multiple scripts and transliteration conventions. The platform operates with a no-data-storage policy for privacy compliance and holds ISO/IEC 27001 certification, Pay.UK authorized CoP Aggregator status, and European Payments Council RVM listing.

The company generates revenue through enterprise API subscriptions and compliance-as-a-service contracts, with quote-based pricing tied to transaction volumes, product modules, and integration scope. Its go-to-market combines an API-first product architecture with direct enterprise field sales targeting banks, PSPs, stablecoin platforms, corporates, and remittance providers. Named customers include Citibank, Visa, JP Morgan's Kinexys, Microsoft, Emirates NBD, Hana Bank, Nium, iBanFirst, Careem Pay, and Paysera. To date, iPiD has raised $8.6 million in total funding (a $3.3M seed in 2022 and a $5.3M oversubscribed Pre-A in June 2024 led by Monk's Hill Ventures) and operates with 11-50 employees from its Singapore headquarters, with global commercial reach across Asia-Pacific, Europe, the Middle East, and North America.

Name

International Payments Identity(IPiD)

Legal name

International Payments Identity (iPiD) Pte. Ltd.

Website

https://ipid.tech

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

International Payments Identity (iPiD) is a Singapore-based fintech founded in 2021 that provides a single global API for real-time Know Your Payee verification, covering 50+ countries and serving banks, PSPs, stablecoin platforms, and corporates with AI-powered name matching and scheme compliance for EU VoP, UK CoP, and US NACHA mandates.

Ownership category

akta.pro rank

Product category

Payment Verification Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Investigation and Personal Background Check Services (561611)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

AML/KYC, KYB & Identity Verification (VASP/Travel Rule) (FSAPAJAC)

akta.pro secondary industries

Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN), Beneficial Ownership (UBO) & Corporate Registry Verification (KYB) (FSAMAMAK), Onboarding, KYC & Account Verification Support (BPAAABAG)

Keywords

• Payee verification API
• Cross-border payments
• Payment fraud prevention
• Banking compliance software
• Account validation platform

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. API Access / Platform Subscription: iPiD provides its KYP verification platform via API access to financial institutions, PSPs, banks, and corporates. Revenue is generated through API usage-based pricing or subscription plans for platform access, with different tiers for validation volume, features (Validate, Node, Payment Agent), and support levels. The model supports both requestor and responder capabilities for compliance schemes.
2. Compliance-as-a-Service: iPiD offers compliance solutions for regulatory mandates (EU VoP, UK CoP, US Nacha, FATF16, etc.) as a managed service. Financial institutions pay to use iPiD's RVM infrastructure to meet mandatory verification requirements, with pricing based on transaction volume or verification counts.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

iPiD provides a global Know Your Payee (KYP) verification platform that performs real-time bank account ownership validation and payee name-to-account matching across 50+ countries and billions of accounts, delivered through a single REST API. Its three commercial offerings — iPiD Validate (cross-border payee verification), iPiD Node (scheme compliance for UK CoP, EU VoP, US Nacha, Australia CoP) and Payment Agent (an agentic layer that extracts payment intent from unstructured sources and runs pre-payment KYP) — are sold to financial institutions, payment service providers, banks, corporates, stablecoin platforms, remittance operators and marketplaces to prevent APP fraud, reduce misdirected payments and meet regulatory verification mandates.

Product overview

iPiD provides a global Know Your Payee (KYP) verification platform enabling real-time account validation and name-checking against billions of accounts in scores of countries worldwide. The core product portfolio consists of three main offerings: iPiD Validate (a single global API for real-time payee verification across borders), iPiD Node (a one-stop shop connecting into domestic payment schemes including UK CoP, EU VoP, and beyond, providing forensics and compliance reporting), and Payment Agent (an agentic payments layer that captures payment intent from unstructured sources and runs verification before payment execution). The platform is payment rail agnostic, operates with a no-data-storage policy, and serves banks, stablecoin providers, payment service providers, travel platforms, remittance companies, wallets/neobanks, marketplaces, and corporates.

Differentiator

Problem solved

Functional benefit

Brands

• iPiD Validate: Global payee verification product providing real-time bank account validation and name matching across borders.
• iPiD Node
• Payment Agent

Products and services

• iPiD Validate Single global REST API that performs real-time payee verification across 50+ countries and billions of bank accounts, checking that payee name and account details align between the intended and actual payee before a payment is sent. Targeted at financial institutions, PSPs, banks, corporates, stablecoin platforms, remittance operators, wallets, neobanks, marketplaces and travel platforms to prevent APP fraud and misdirected payments.
• iPiD Node One-stop scheme compliance solution that connects into any domestic verification scheme (UK CoP, EU VoP, Australia CoP, US NACHA) and provides forensics, corridor-level insights, reporting and resiliency features. Sold to banks and PSPs as both Requestor and Responder, recognized as a Routing & Verification Mechanism on the EPC roster and as an authorized Pay.UK CoP Aggregator, and also listed on the Microsoft Azure Marketplace.
• Payment Agent Agentic payments layer that ingests unstructured payment intent from invoices, chat messages or screenshots, converts it into structured payment instructions, and runs real-time KYP verification and name matching across 50+ countries before funds move. Designed for PSPs, corporates, marketplaces and platforms that want pre-payment validation without manual data entry.

Quantifiable outcome

• Cross-border payment failure rates of 11-30% reduced through real-time validation
• +6 more outcomes

Named customers21 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• MicrosoftflagshipTechnology or Integration · 2 October 2025iPiD and Microsoft collaborated on AI-powered name matching technology for Verification of Payee (VoP). The solution utilizes Microsoft Azure AI Foundry for the matching algorithm. This is a technology co-development partnership that combines iPiD's domain expertise in payee verification with Microsoft's AI cloud infrastructure. Microsoft has also featured iPiD as a showcase of Azure AI capabilities in financial services.
• iBanFirstcoreTechnology or Integration · 9 February 2025iBanFirst selected iPiD to roll out Verification of Payee (VoP) and global KYP for its B2B payments and FX platform. iBanFirst integrates iPiD's API to verify payee details before international transfers, ensuring compliance with EU regulations and preventing misdirected payments.
• VisaflagshipStrategic or Co-development PartneriPiD and Visa have a strategic collaboration to shape the future of secure payments. Visa is one of the world's largest payment networks, and the partnership positions iPiD as a key verification partner within Visa's broader payment ecosystem and trusted by Visa's issuer and acquirer clients.
• CitibankflagshipTechnology or IntegrationCitibank announced a strategic collaboration with iPiD to enhance Citi Verify and expand payee validation globally, supporting superior fraud mitigation and driving efficiency for Citi's corporate clients. The partnership enables Citi to rapidly scale its verification capabilities globally using iPiD's KYP infrastructure.
• Kinexys by JP MorgancoreTechnology or IntegrationJP Morgan's Kinexys (cross-border payments solution) partners with iPiD for global payee verification capabilities, enhancing payment security for JP Morgan's institutional clients.
• NiumcoreTechnology or IntegrationNium deepened its relationship with iPiD to scale its Verify solution for account validation with confidence. Nium uses iPiD's KYP capabilities to support VoP compliance and fraud prevention across its global payments platform.
• Emirates NBDcoreTechnology or IntegrationEmirates NBD partnered with iPiD to bring global payee verification capabilities to enhance cross-border payments, reinforcing the bank's commitment to digital security and exceptional customer experience in the Middle East.
• Careem PaycoreTechnology or IntegrationCareem Pay integrated iPiD's KYP solution to power its 'Breeze' feature, ensuring every money transfer is sent to the correct recipient with real-time payee verification, reducing fraud and payment failures across the Careem ecosystem in MENAP.
• LexisNexis Risk SolutionsminorGTM or Marketing PartnerLexisNexis Risk Solutions is listed as a customer logo on iPiD's website, indicating a partnership or integration for payment verification within the fraud risk management ecosystem.
• LSEG (London Stock Exchange Group)minorGTM or Marketing PartnerLSEG is listed as a customer logo on iPiD's website, indicating a partnership within the financial markets and data ecosystem for payment verification and compliance.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ComplyAdvantage: ComplyAdvantage is a larger AML/KYC and payment screening platform serving banks, PSPs, and corporates. It overlaps with iPiD in transaction-level screening and sanctions/PEP monitoring, and competes for the same fintech and bank budgets.
• LexisNexis Risk Solutions: LexisNexis Risk Solutions provides broad identity, fraud, and compliance data infrastructure for financial institutions. It is both a competitor (full-stack verification and risk data) and a listed iPiD ecosystem partner, illustrating the dual supplier/competitor dynamic.
• Swift: Swift operates global payment messaging and increasingly offers KYC and payment pre-validation services through initiatives like Swift gpi and Swift Go. As the dominant interbank network, it represents both a potential partner and a long-term competitive threat in cross-border verification.
• Visa: Visa is both a strategic partner (publicly announced collaboration on secure payments) and a competitor with its own Visa Direct, token, and verification services. Visa's network ownership and direct issuer/acquirer relationships make it a structural threat to iPiD's distribution.
• Mastercard: Mastercard has built identity and transaction verification capabilities (e.g., Identity Check, Ekata) and is expanding into payee verification. Its scale and direct relationships with issuer banks make it a major incumbent competitor for the same enterprise customer base iPiD targets.
• Refinitiv / LSEG: LSEG (via Refinitiv) operates World-Check and a broader suite of KYC, AML, and financial market data services. It competes for enterprise compliance spend and is also listed as an iPiD ecosystem partner, again highlighting an overlapping customer/competitor relationship.

Direct peers

• Eftsure: Eftsure provides B2B payment verification and vendor account validation, overlapping directly with iPiD's payee verification use case for corporate treasuries. Notably, Eftsure is both a competitor in B2B payment protection and a listed iPiD customer using its global KYP for cross-border coverage.
• TrueLayer: TrueLayer provides account verification and PSD2 open banking connectivity across the UK and Europe, directly overlapping with iPiD's UK/EU payee verification proposition. Both target banks and PSPs for compliance-driven account validation use cases.
• SisID: SisID focuses on bank fraud prevention for corporate payments, directly competing with iPiD's payee verification proposition in European corporate treasury. SisID is also an iPiD customer using the platform to extend coverage into Asia, Africa, and North America.

Emerging players

• Veriff: Veriff is an identity verification platform focused on KYC/KYB onboarding with AI-driven document and biometric checks. While more weighted toward identity onboarding than payment payee verification, it competes for fintech compliance budgets and represents an adjacent emerging player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/internationalpaymentsidentity

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Payments Identity(IPiD)