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/