ID-Pal gets FinTech71 boost

÷ DUBLIN startup ID-Pal is in line to receive a $100,000 (€84,000) investment through FinTech71.

The firm provides a secure platform for companies to verify clients’ identities to ensure compliance with international regulation on anti-money laundering.

Fintech71 is a non-profit startup accelerator and innovation outpost for financial services companies in the US. As part of the funding, co-founder Colum Lyons will embark on a 10week mentoring programme with FinTech71 and its partner companies in the US to enable it to contextualise its product for the US market.

“Hopefully we can roll into commercial agreements after this,” Lyons said. ID-Pal has just come off the back of partnering with Accenture and counts Fexco among its clients.