ID-Pal eyes new horizons as it readies US launch 

US flag with digital overlay.
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Identity verification solution ID-Pal has expanded its global footprint by entering the US market to support regional demand for more security.

The Irish company will leverage its experience of supporting SMEs across various industries to build an ID verification tool tailored for an US audience. 

ID-Pal has already broken ground in the new market by partnering with several financial service providers like Spirit of Alaska Credit Union and CreditSnap. 

The US market transition shortly follows what was another successful launch for ID-Pal in the UK thanks to a Series A funding round. Currently, the UK market accounts for more than 30% of the firm’s revenue. 

Colum Lyons, CEO and Founder of ID-Pal, commented: “2022 was a landmark year for ID-Pal. In just nine months we launched in the UK, secured Series A funding, and now, with the support of Enterprise Ireland, our US and European investors, and our strategic partners, we are officially launching into the US in 2023.

“The standard of security, fast deployment, and digital transformation we provide organisations sets us apart. We work with industry leaders from across 30 sectors, which is evidence that our technology-first approach to identity verification makes it simple, secure, and convenient for any organisation.”

In terms of corporate support, ID-Pal has the backing of the Irish government organisation Enterprise Ireland responsible for supporting Irish businesses, as well as investments from the likes of European Inspire Investments, Act Venture Capital and FA Ventures Fund. 

Karen Cohalan, Department Manager for Fintech, Financial & Business Services at Enterprise Ireland, added: “Enterprise Ireland warmly welcomes ID-Pal’s launch in the US market. Supporting Irish-owned companies to achieve greater scale and expand their global footprint is an ongoing priority for Enterprise Ireland. 

“Enterprise Ireland looks forward to working with the ID-Pal team to continue to support their growth ambitions as they expand their customer base in the US whilst continuing to create jobs here in Ireland.”