# ID-Pal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/id-pal

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.id-pal.com
- Total disclosed funding: $8.3M
- Latest round: Series A (Jul 9, 2022)
- Investors on record: 3

## About

ID-Pal Limited is a provider of AI-powered identity verification solutions that streamline onboarding processes while ensuring compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.Founded in 2016 by Colum Lyons, James OToole, and Robert OFarrell, ID-Pal Limited is headquartered in Dublin, Ireland. The company specializes in identity verification services, focusing on sectors such as financial services and fintech. In July 2022, ID-Pal raised EUR 7 million in a Series A funding round led by Inspire Investments, with ACT Venture Capital participating. This funding brings the total amount raised by the company to EUR 7 million, valuing it at EUR 38.304 million. The company has completed four deals since its inception.ID-Pal specializes in AI-driven identity verification solutions, enhancing customer onboarding while adhering to AML and KYC regulations. Their offerings include real-time document verification, biometric facial matching, liveness detection, and address verification, targeting industries like financial services and fintech in the USA, UK, and Ireland. ID-Pal’s automated services aim to reduce fraud risks in identity verification processes, allowing businesses to seamlessly integrate these solutions into their existing platforms.ID-Pal generates revenue through a tiered, subscription-based pricing structure tailored to businesses of different sizes, ranging from SMEs to large enterprises. Standard plans are priced monthly based on the number of business users, starting with the Essential plan at GBP 299 per month for one user, the Business plan at GBP 599 per month for three users, and the Business Plus plan at GBP 1,199 per month for five users.Following its Series A funding in July 2022, ID-Pal Limited plans to utilize the EUR 7 million raised to enhance its market efforts and sales capabilities, particularly focusing on its UK branch to meet scaling demands. The company is expected to concentrate on expanding its market presence and may explore new product developments to further refine its identity verification solutions.

## Funding rounds

- Series A, Jul 9, 2022, $7.1M — ACT Venture Capital, Inspire Investments
- Seed, Aug 4, 2020, $1.2M — ACT Venture Capital, Boojam Investments Limited

## Investors

- ACT Venture Capital (https://capitalatlas.ai/funds/act-venture-capital) — Seed, Series A
- Boojam Investments Limited — Seed
- Inspire Investments — Series A