Thirdfort
Functionality
End-to-End Due Diligence
Description
Thirdfort is a UK based platform specialising particularly in KYC, and catering to the legal and property markets.
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Bio
Thirdfort, founded in 2018 and based in London, is a RegTech company specializing in end-to-end AML solutions. Serving the UK’s legal, property, accounting, and financial sectors, it offers identity verification, source of funds checks via Open Banking, and ongoing monitoring. Known for its user-friendly app with NFC and open banking integration, Thirdfort provides flexible PAYG pricing and charges clients only upon completion, though it lacks some onboarding automation and payment features.
Year Founded
2018
Locations
UK focused and based
Key Market
Residential Property
Features
Adverse Media
Document Verification
KYB
KYC
NFC Chip
Ongoing Monitoring
Screening
Source of Funds
Market Focus
Data sources and Integrations
- API
- Hubspot
Market Map
Strengths
- Only charge on completion
- Great EID&V (Electronic Identification & Verification)
- Flexible pricing (PAYG)
- Strong Source of Funds and Source of Wealth verification
- NFC chip integration is particularly effective for the property market
Weaknesses
- No payment processing capability
- No white-labeled app or browser links
- Limited KYB capabilities, especially for complex entities
- Lacks risk assessments, e-signatures, and remediation capabilities for false positives
Pricing
- EID&V starts at £10+ (based on volume)
- UBO Reports around £25
- SoF/SoW around £15
- NFC use adds additional cost
Aventine Rating
Aventine Comment
Great for property firms. Excellent for KYC but relatively expensive and not as comprehensive as other competitors on onboarding
Raised
£18.9m
Round Details
Series A: $15 million in 2022 by Breega and Element Ventures
Investors
- Breega
- Element Ventures
- Mishcon De Reya (via MDR Lab)
Executives
Jack Bidgood
Co-Founder & Managing Director
Oliver Thornton-Berry
Co-Founder & Managing Director
Neil Mullane
Chief Revenue Officer (CRO)
Pete Donell
Chief Financial Officer (CFO)
Anna Keren
Chief Technology & Product Officer (CTPO)
Sam Ruback
General Counsel
N/A