Ireland-based identity verification provider ID-Pal has doubled the size of both its customer base and team this year following its launch in the UK.
The Dublin firm entered the UK market in May and this now accounts for over 30% of revenue and 20% of its workforce. It also reported a record volume of identities verified in 2022, with this figure tripling in one year.
ID-Pal’s technology achieved certification as an identity service provider (IDSP) from the UK Home Office to conduct digital ‘right to work’ and ‘right to rent’ checks.
The platform combines biometric, document and database checks to verify identities and addresses in real-time. ID-Pal offers SMEs a branded, customer-facing app via an off-the-shelf solution.
Also available as an API/SDK, the platform is built to be compliant-by-design and is also completely customisable, with the ability to seamlessly verify identities and addresses, in any language, across 200 countries and jurisdictions.
By year-end, ID-Pal will be serving organisations across 32 different sectors, due to its unique ability to deliver anti-money laundering (AML) and know-your-customer (KYC) compliance as a standalone end-to-end solution or integrated into existing processes.
“What began as a small team in Dublin, dedicated to giving organisations globally an easy way to verify identities and addresses, has grown into an international workforce, supporting SMEs and enterprises in 32 sectors with their compliance requirements,” said Colum Lyons, founder and CEO.
“This year we saw our strategic planning come to fruition: with our Series A and official launch in the UK. The success of these milestones is evident as we now record over 30% of our revenue to be from the UK and we also doubled our global team to meet the demand there.
“We look forward to superseding this year’s success in 2023 as we continue to expand into additional markets. As we evolve, our ethos will remain unchanged: to always offer an identity verification solution that is simple, secure and convenient, for any size business to prevent fraud at source.”