ID-Pal, a Dublin, Ireland-based global identity verification provider, announced that it secured a €7 million (£6 million) Series A funding round to further fuel expansion into international markets.
The round was led by Inspire Investments, with confidence shared by Act Venture Capital who participated in ID-Pal’s last two rounds.
This new wave of funding will allow the Dublin-based identity verification company to further scale its global sales and marketing efforts to meet the growing demand for the solution following its official UK launch earlier this year.
Company: ID-Pal Limited
Raised: €7.0M
Round: Series A
Funding Month: July 2022
Lead Investors: Inspire Investments
Additional Investors: Act Venture Capital
Company Website: https://www.id-pal.com/
Software Category: Identity Verification
About the Company: Founded in 2016, ID-Pal is an award-winning ISO 27001 certified identity verification solution that enables businesses to verify identities and addresses in real-time. Offering a unique blend of industry-leading biometric, document, and database checks to streamline AML and KYC in one GDPR-compliant solution, it is available out-of-the-box, as an API/SDK, and as a Salesforce AppExchange integration. Headquartered in Dublin and backed by Enterprise Ireland, ID-Pal offers global identity verification coverage of more than 6000 identity documents and 200 verified address data sources to enterprise clients and SMEs across 200 countries and jurisdictions.
ID-Pal is the winner of Best Customer Facing Experience in the 2021 PAY360 Awards and the IT & Fintech Irish Times Innovation Award in 2022.
Source: https://www.id-pal.com/id-pal-secures-7-million-in-series-a-funding-round/