IPID Secured $16 Million in Series A Funding
The fintech firm will use the new capital to scale its fraud-prevention technology across U.S. and European markets.
Updated on Sept. 24, 2026 in Financial Services
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Decision intelligence platform IPID raised $16 million in a Series A funding round led by Foundation Capital, with participation from Citi, HSBC, and existing investors. The company provides technology to help financial institutions verify payees and mitigate risk in digital payments.
Why it matters
As digital payment fraud becomes a major threat, financial institutions are prioritizing tools that can bridge missing information gaps during transactions. This funding will allow IPID to expand its fraud-detection infrastructure across new payment rails and asset classes.
IPID secured $16 million in its latest funding round, building on an existing operational footprint that spans more than 50 countries. The capital injection comes as global Authorised Push Payment fraud losses are projected to reach $331 billion by 2027.
The players
IPID
A financial technology firm founded by former Swift executives that provides decision intelligence for payee verification and fraud assessment.
Foundation Capital
A venture capital firm that focuses on early-stage technology investments and led the recent Series A funding round.
Citi
A global banking institution that provides financial services to corporate and individual clients and participated in the IPID funding round.
HSBC
A multinational universal bank that offers commercial and investment banking services and participated in the IPID funding round.
The details
IPID offers technology that enables banks and platforms to verify payees and assess fraud risk in real-time. The company plans to use the new capital to broaden its operational reach into the United States and Europe. It will also develop specific capabilities for managing payment operations across stablecoins, digital assets, and traditional U.S. payment rails.
Timeline
The funding was announced on September 24, 2026.
Global Authorised Push Payment fraud losses are projected to reach $331 billion by 2027.
Market Landscape
This investment follows an industry-wide trend of deploying automated decision intelligence to combat rising digital payment fraud. The move aligns with data from LSEG projecting that Authorised Push Payment fraud will cause $331 billion in global losses by 2027.
Financial operators should anticipate increased pressure to adopt automated verification tools as fraud projections continue to climb. Companies evaluating their current payment stacks should monitor whether their existing vendors are expanding capabilities into digital assets and stablecoins.
The takeaway
The rapid growth of digital payment fraud is driving a surge in institutional capital for specialized decision intelligence technology. Operators should track how this funding cycle shifts the competitive landscape for fraud detection and payee verification services in the coming quarters.
Further reading
For more on how firms are navigating modern payment risks, see our coverage in Financial Services.
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Do you trust that current digital payment security is enough to keep your money safe?
