About Id-Pal
Id-Pal is a company based in Dublin (Ireland) founded in 2016 by Robert O'Farrell and James Otoole.. Id-Pal has raised $12.02 million across 10 funding rounds from investors including Deciphex, Cubic Telecom and Scurri. Id-Pal has completed 1 acquisition, including NorthRow. Id-Pal offers products and services including Identity Document Verification, Facial Matching, Biometrics, Liveness Testing, and AML Screening. Id-Pal operates in a competitive market with competitors including Perfios, Signicat, IDnow, Onfido and Entrust, among others.
- Headquarter Dublin, Ireland
- Founders Robert O'Farrell, James Otoole
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$1.81 M (USD)0as on Dec 31, 2022
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Net Profit
$-1.51 M (USD)-15as on Dec 31, 2022
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EBITDA
$-1.51 M (USD)-15as on Dec 31, 2022
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Total Equity Funding
$12.02 M (USD)
in 10 rounds
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Latest Funding Round
$7.11 M (USD), Series A
Jul 09, 2022
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Investors
Deciphex
& 23 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Id-Pal
Id-Pal offers a comprehensive portfolio of products and services, including Identity Document Verification, Facial Matching, Biometrics, Liveness Testing, and AML Screening. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instantly checks authenticity of identity documents for fraud detection.
Confirms facial matches to verify user identity accurately.
Performs biometric checks for secure identity confirmation.
Detects real persons to prevent presentation attack fraud.
Screens for high-risk entities to ensure anti-money laundering compliance.
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Funding Insights of Id-Pal
Id-Pal has successfully raised a total of $12.02M across 10 strategic funding rounds. The most recent funding activity was a Series A round of $7.11 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series A — $7.1M
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First Round
First Round
(18 Oct 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series A - Id-Pal | Valuation | Inspire Investments , Act Venture Capital |
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| Apr, 2021 | Amount | Series A - Id-Pal | Valuation |
investors |
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| Sep, 2020 | Amount | Series A - Id-Pal | Valuation | Act Venture Capital , Sinead Mcdonald |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Id-Pal
Id-Pal has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Deciphex, Cubic Telecom and Scurri. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital funding is provided to innovative companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Id-Pal
Id-Pal has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NorthRow. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Compliance and anti-fraud solutions for identity theft are provided.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Id-Pal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Id-Pal Comparisons
Competitors of Id-Pal
Id-Pal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfios, Signicat, IDnow, Onfido and Entrust, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Id-Pal
Frequently Asked Questions about Id-Pal
When was Id-Pal founded?
Id-Pal was founded in 2016.
Where is Id-Pal located?
Id-Pal is headquartered in Dublin, Ireland.
Who is the current CEO of Id-Pal?
James Otoole is the current CEO of Id-Pal. They have also founded this company.
Is Id-Pal a funded company?
Id-Pal is a funded company, having raised a total of $12.02M across 10 funding rounds to date. The company's 1st funding round was a Series A of $1.16M, raised on Oct 18, 2016.
What is the annual revenue of Id-Pal?
Annual revenue of Id-Pal is $1.81M as on Dec 31, 2022.
What does Id-Pal do?
Id-Pal was founded in 2016 in Dublin, Ireland, within the identity verification sector. An online platform is operated to support verification processes. Links are distributed to clients for secure document uploads using smartphones. Various ID verification checks are conducted, resulting in a compiled single-page report for review. Operations focus on facilitating efficient identity confirmation for businesses across digital channels.
What products or services does Id-Pal offer?
Id-Pal offers Identity Document Verification, Facial Matching, Biometrics, Liveness Testing, and AML Screening.
How many acquisitions has Id-Pal made?
Id-Pal has made 1 acquisition, including NorthRow.
Who are Id-Pal's investors?
Id-Pal has 24 investors. Key investors include Deciphex, Cubic Telecom, Scurri, SilverCloud, and City Swift.