Dublin, 6th June 2024 – ID-Pal, a leading provider of identity verification, today announced its inclusion in the prestigious Deloitte EMEA Technology Fast 500 ranking. Furthermore, ID-Pal is also one of the 28 Irish Tech Fast 500 companies that made the list, recognising it as one of the fastest-growing technology companies across Europe, the Middle East, and Africa (EMEA) region.
The Deloitte EMEA Fast 500 is an objective industry ranking that identifies and celebrates the most pioneering and high-growth technology start-ups in the region. The ranking is determined by evaluating companies’ revenue growth percentage over a three-year period. ID-Pal’s position in the ranking reflects the exceptional growth and commercial achievements the company has realised over the past three years.
ID-Pal’s Impressive Business Growth
ID-Pal’s impressive growth journey includes a successful Series A funding round in July 2022, followed by expansion into the UK market and, most recently in March 2023, entry into the US market, illustrating the increasing global demand for its end-to-end solution for identity verification and customer onboarding.
What truly sets ID-Pal apart is by being 100% AI-powered to deliver real-time verification results combined with their unwavering commitment to data security – ID-Pal has zero access to customer data at all times. The platform’s high configurability, strict adherence to AML and KYC regulations, and unrivaled data security standards make it the trusted solution for organisations demanding robust compliance, accuracy and frictionless customer onboarding experiences.
The company continuously innovates its platform, integrating cutting-edge technologies and industry best practices to enable frictionless customer onboarding experiences. Recognising the need to stay ahead of evolving digital fraud threats, ID-Pal launched ID-Detect, which boasts the ability to detect up to 99% of fraudulent documents used in most common types of presentation attacks.
Colum Lyons, Founder and CEO at ID-Pal said:
“As a Founder, you’re constantly questioning your growth rate and trying to understand how you are doing compared to your peers. Knowing with certainty that we’re in the top 500 of the EMEA region confirms we are doing something right.
At a time when choosing the right partner for fraud prevention has become a critical decision, ID-Pal continues to earn the trust of global organisations, cementing our position as the go-to partner for robust, secure identity verification. Additionally, ID-Pal joining the EMEA Technology Fast 500 as just one of 28 Irish companies shows the differentiation our platform offers to the market.”
Proven Success
This recognition from Deloitte’s EMEA Technology Fast 500 adds to ID-Pal’s recent string of accolades. In 2023, the company secured a spot in the Deloitte Technology Fast 50 ranking for the second consecutive year and took home the Financial Services Innovation award. This year ID-Pal won Best RegTech Solution in the 2024 MPE awards as well as their inclusion in the renowned RegTech100 for the third year.
For more details on the Deloitte EMEA Technology Fast 500 winners and to download the report, please visit the Deloitte website here.
