ID-Pal, an online verification company, and client of CFO Services, has secured €7 million in investment to further fuel expansion after a doubling of customers and employees over the past year.

Founded by Colum Lyons in 2016, ID-Pal is a software-as-a-service (SaaS) company that helps businesses ensure compliance with regulatory identity requirements such as anti-money laundering (AML) and know your customer (KYC). CFO Services has been working with Colum and his team over the last number of years and this round of investment is a testament to the product and the robust financial business model that CFO Services has helped them implement.

The finance will enable ID-Pal to expand into other markets and aggressively grow the business.