ThirdFort Limited

Based in the UK, ThirdFort Limited operates as a provider of automated ID verification and anti-money laundering services, streamlining the onboarding process for businesses in regulated sectors. ThirdFort Limited was founded in 2017 in London, UK, and specializes in ID verification and AML services. The company has completed a total of 6 deals, with its most recent deal taking place on February 25, 2022. In its Series A funding round, ThirdFort raised GBP 15 million, led by Breega with participation from multiple investors, including 13books Capital and ComplyAdvantage.

The founders include Jack Bidgood, Oliver Thornton-Berry, and Olly Thornton-Berry. Thirdfort specializes in providing automated ID verification, anti-money laundering (AML) services, and Source of Funds checks tailored for regulated businesses across various sectors, including legal, conveyancing, estate agencies, and accounting. Their core product offerings are designed to streamline the client onboarding process, enabling businesses to complete necessary ID checks in a fraction of the time typically required. Utilizing government-grade technology and Open Banking solutions, Thirdfort’s services allow clients to securely access and verify sensitive financial data without compromising privacy.

The company serves over 1,500 businesses in the UK market, helping them mitigate risks associated with fraud and compliance by offering comprehensive checks that screen both individuals and entities against a wide array of live data sources. In the most recent fiscal year 2024, ThirdFort reported a revenue of GBP 9,692,245. 70 and an EBITDA of GBP -6,664,253. 80.

Following the Series A funding round in February 2022, which raised GBP 15 million, ThirdFort plans to enhance its offerings in the legal and property sectors. The company aims to expand into mortgage broking, accountancy, and wealth management. This funding will support the development of new products and enhance their service capabilities, positioning ThirdFort for future growth in these markets.