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§ Private Profile · London, UK
Thirdfort is a technology company.
Thirdfort provides an integrated platform for digital identity verification, Anti-Money Laundering (AML), and Source of Funds (SoF) checks, primarily serving regulated industries. The company offers a secure, automated solution that streamlines compliance processes for professionals, utilizing advanced technology to assess risk and authenticate individuals. This system helps to mitigate fraud and financial crime by ensuring the legitimacy of clients and the origin of their funds.
The company was co-founded by university friends Olly Thornton-Berry and Jack Bidgood in 2017. Their motivation stemmed from a personal incident where a friend was defrauded during a property transaction, highlighting critical vulnerabilities in traditional verification methods. This experience underscored the need for a more robust and secure digital solution to protect high-value transactions.
Thirdfort's clientele includes law firms, property professionals, and other businesses requiring stringent compliance. The platform aims to simplify complex regulatory requirements, enabling clients to onboard customers efficiently and securely. Its long-term vision is to become the leading digital trust platform, safeguarding significant financial transactions and fostering greater confidence across professional services by eliminating fraud and money laundering.
Thirdfort has raised $23.0M across 3 funding rounds.
Thirdfort has raised $23.0M in total across 3 funding rounds.
Thirdfort has raised $23.0M across 3 funding rounds. Most recently, it raised $20.0M Series A in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $20M Series A | Breega | 2XN, Greylock, Village Global, Wndrco LLC, Y Combinator, Albert Armengol, Andrew Mullinger, Anthony Saleh, Charles Petruccelli, Immad Akhund, James Meekings, Michel Taride, Samvit Ramadurgam, Michael Mcfadgen | Announced |
| Apr 12, 2021 | $2M Venture Round | UK Government | Alex Chesterman, Chris Marks, David Rutter | Announced |
| Aug 1, 2020 | $1M Seed | — | Andrew Mullinger, Charles Petruccelli, James Meekings, Michel Taride, David Rutter, Mishcon DE Reya, Chris Marks, Lawyer Checker | Announced |
Thirdfort has raised $23.0M in total across 3 funding rounds.
Thirdfort's investors include Breega, 2xN, Greylock, Village Global, WndrCo LLC, Y Combinator, Albert Armengol, Andrew Mullinger, Anthony Saleh, Charles Petruccelli, Immad Akhund, James Meekings.
Thirdfort is a London-based technology company founded in 2017 that provides automated identity verification (IDV), Know Your Customer (KYC), Know Your Business (KYB), and anti-money laundering (AML) solutions tailored for regulated professionals in legal, property, finance, and accounting sectors.[1][2][6][7] Its platform solves the problem of fraud and compliance burdens in high-value transactions—like property purchases—by enabling secure client onboarding in minutes rather than weeks, using advanced tools such as NFC-powered ID checks, Open Banking for source of funds, and secure data sharing to combat risks like money laundering and AI-driven deepfakes.[1][4][5][6][7] Serving over 1,500 customers, Thirdfort has raised $25.04M, achieved UK government digital ID accreditation, and demonstrates strong growth through partnerships with firms like OnTheMarket, Redbrick Solutions, and iProov, while reporting efficiency gains for clients such as 50% faster compliance and reduced KYC turnaround by up to five days.[1][2][3][5][7]
Thirdfort was co-founded in 2017 by school friends Olly Thornton-Berry and Jack Bidgood in London, United Kingdom, after a close friend lost £25,000 to fraud during a flat purchase—despite multiple anti-fraud checks by professionals.[1][2][5] This personal experience highlighted the inadequacies of paper-based and fragmented compliance processes amid rising fraud and money laundering, inspiring them to build a unified digital platform that turns compliance into a competitive edge for regulated businesses.[1][5][6] Early traction built quickly: by June 2023, over 1,000 businesses relied on it; it earned UK government Digital ID accreditation (DIATF) in November 2023; and milestones include launching Secure Share in 2022 for KYC/AML report sharing, integrations with case management software in 2023, and ongoing expansions like iProov integration by late 2025 to fight £1.6B UK property fraud risks.[1][2][5]
Thirdfort rides the wave of escalating digital fraud in high-stakes sectors—exemplified by £1.6B annual UK property fraud risks from AI deepfakes—amid stricter AML regulations and a shift to digital identities.[5][6] Its timing aligns with UK government pushes like the Digital ID Trust Framework and HM Land Registry standards, enabling regulated firms to scale securely as paper processes fail against sophisticated threats.[1][4][5] Market forces favoring it include Open Banking adoption, regtech demand in legal/property (serving 1,500+ firms), and an "AI arms race" against fraudsters, where Thirdfort influences the ecosystem by setting compliance benchmarks, reducing premiums for users, and fostering partnerships that standardize secure onboarding.[3][5][7]
Thirdfort is poised for accelerated growth as AI fraud escalates and regulations tighten, potentially expanding beyond UK legal/property into broader EU finance via its $25M funding and tech stack.[2][5] Trends like pervasive Open Banking, biometric standards, and regtech consolidation will shape it—watch for acquisitions (like competitor PassFort's by Moody's) or global ID partnerships to hit 10,000+ customers.[1][2] Its influence may evolve from niche protector to ecosystem standard-setter, turning compliance friction into transaction speed, much like how it transformed a friend's fraud nightmare into a fearless platform for life's big deals.[1][5][6]