ID-Pal has announced its official launch in the US market, building on the success of its identity verification solution in the UK.
The platform, which leverages a unique blend of biometric, document, and database checks to verify identities in real-time, has gained popularity among SMEs and enterprises across over 30 industries for its simple, secure, and convenient approach to identity verification.
The regtech’s expansion into the US market is expected to address the demand for its platform across the country.
ID-Pal’s platform is designed to provide a friction-free user experience while streamlining anti-money laundering (AML) and Know your Customer (KYC) compliance, offering a robust audit trail for businesses.
Its solution integrates seamlessly with existing processes via an API or SDK and can be deployed within the same day, reducing development time and demands on in-house resources. ID-Pal also offers global coverage of more than 6,000 identity documents across 200 jurisdictions and countries, making it easier for businesses to verify the identity of an individual.
ID-Pal’s presence in the US market has already gained traction, with clients such as Blackhawk Network, Certa, Elavon, Global Shares, Spirit of Alaska Credit Union, and CreditSnap leveraging its solution. The company also boasts an impressive network of strategic partners in the United States, that includes Salesforce, Corporate One, and Melissa.
ID-Pal’s official entrance into the US market comes less than a year after its successful launch in the UK and a Series A funding round.
Today, UK businesses account for over 30% of ID-Pal’s revenue and, following continued market traction there, 15% of their revenue is now from the US. The regtech has received investment from European Inspire Investments, Act Venture Capital, and US investors FA Ventures Fund, LTD.
Colum Lyons (pictured), CEO and founder of ID-Pal, commented on the company’s US launch, saying: “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 organization.”
