Know Your Payee (KYP) is the practice of verifying the recipient of a payment, name, account ownership, and account status, before funds are sent. It complements know your customer (KYC), which verifies the sender, not the recipient.
CoP and VoP are regional schemes: CoP covers the UK, VoP covers the EU. iPiD provides payee verification globally through one API, including in markets with no domestic scheme, so institutions are not limited to single-country coverage.
No. iPiD is fraud prevention and payment integrity infrastructure. It runs pre-payment, before money moves, rather than producing compliance records after the fact.
iPiD supports IBAN-based logic checks across 83 countries and live account and ownership checks across the Americas, Europe, the Middle East and Africa, and Asia Pacific, reached both directly and through embedded distribution partners.
iPiD was founded by Damien Dugauquier (CEO), Geertjan van Bochove (CFO & COO), and Alain Raes (Founding Partner & CCO), veterans of SWIFT's cross-border payments and data practice. iPiD is headquartered in Singapore with offices in London, New York, Dubai, Paris, Amsterdam, Brussels, Kuala Lumpur, and Mumbai.
iPiD has raised $8.6M across a seed and a pre-Series A round, backed by Monk's Hill Ventures, QED Investors, Quona Capital, Jungle Ventures, 1982 Ventures, Saison Capital, Resolution Ventures, and others.
