According to Techub News, fintech startup iPiD (International Payments Identity) announced that it has raised $16 million in a Series A round. The round was led by Foundation Capital, with Citibank and HSBC participating as strategic investors. The company said the new funding will be used to strengthen its global payments intelligence network, accelerate expansion in Europe and the United States, and focus on building compliance verification capabilities for U.S. domestic payment rails, stablecoins, and digital asset markets. (Wu Says Blockchain)