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Thirdfort

Verifies client identity for law and property firms

Overview

Thirdfort provides a risk management platform that automates AML and KYC checks for regulated professional services, especially in legal, property, and finance sectors. Its web and mobile app collects documents and biometric data, using document scanning, facial recognition, Open Banking data, and NFC reading of passport chips to verify identity and source of funds, with real-time PEP and sanctions screening, address verification, and KYB. It differentiates itself by offering an end-to-end digital onboarding solution that consolidates verification and ongoing checks for professional services, aiming to cut onboarding time from days to minutes. Its goal is to reduce fraud risk and ensure AML/KYC compliance while making regulatory processes efficient and seamless for clients.

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About Thirdfort

Simplify's Rating
Why Thirdfort is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise SoftwareCybersecurityFinancial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$24.7M

Headquarters

London, United Kingdom

Founded

2017

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Simplify's take

What believers are saying

  • April 2026 VERIFIED launch added AI screening, tasking, and MLRO dashboards for compliance teams.
  • Thirdfort says more than 1,000 law firms use its network, expanding cross-sell potential.
  • Minerva's April 2026 partnership and October 2026 Secure share upgrade deepen workflow stickiness.

What critics are saying

  • AI AML screening creates false negatives or false positives, triggering FCA scrutiny and lawsuits in 2026.
  • Competitors like Xapien, Minerva, and case-management vendors can compress Thirdfort into a point feature.
  • If banks or law firms standardize on embedded onboarding, Thirdfort loses direct access to clients.

What makes Thirdfort unique

  • Thirdfort rebuilt its CDD platform in May 2026, bundling ID, SoF, AML, and KYB.
  • Its Secure share network lets 1,500 regulated firms reuse verified reports instead of duplicating checks.
  • Xapien partnership extends deep-dive due diligence for complex cases without leaving Thirdfort's workflow.

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Funding

Total Funding

$24.7M

Below

Industry Average

Funded Over

7 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
$15M
$19.8M
$30M

Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Parental Leave
  • Flexible Work Hours
  • Stock Options
  • Company Equity
  • Professional Development Budget
  • Wellness Program
  • Home Office Stipend

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

-4%
Pepper Advantage
Oct 12th, 2026
Pepper Advantage announces strategic investment in Thirdfort

Press release about Pepper Advantage announcing strategic investment in Thirdfort

Legal Tech Monitor
May 19th, 2026
Client due diligence company thirdfort launches rebuilt platform with AI features.

Client due diligence company thirdfort launches rebuilt platform with AI features. May 19, 2026 The revamped platform is designed to centralize client due diligence tasks in regulated industries such as legal and better incorporate AI features as they are rolled out.

Conveyancing Association
Apr 28th, 2026
Minerva partners with Thirdfort to deliver a joined up client onboarding experience for law firms.

Minerva partners with Thirdfort to deliver a joined up client onboarding experience for law firms. Minerva, the intelligent client onboarding for law firms, has announced a new strategic partnership with Thirdfort, the leading client due diligence platform. The partnership brings together Thirdfort's market leading ID verification with Minerva's client onboarding and engagement workflows, creating a joined up experience that enables law firms to manage client due diligence and client completed forms, law society protocol forms and other digital tasks within a single journey. This collaboration reflects Minerva's long standing agnostic, best in breed partner strategy and adds to an already well-established list of strategic technology partners to help law firms grow, retain customers and deliver exceptional client experience. Minerva is developed to complement a firm's current technology stack, rather than seeking to replace existing systems; integrating with specialist technology partners and CMS partners where they deliver clear value, while maintaining a consistent client experience across the onboarding process and beyond. Together, Minerva and Thirdfort address a growing market demand for connected workflows that remove duplication, shorten time to instruction and improve the client experience from the very first interaction. The partnership also carries clear commercial momentum. Thirdfort works with more than 1000 law firms across its network, while Minerva currently supports firms processing more than 18,000 matters per month. While the initial focus is on conveyancing workflows, the partnership is designed to scale across broader legal services, aligning with Minerva's positioning as a client engagement platform for onboarding and beyond. The shared ambition is to help law firms deliver a consistently superior client experience across all practice areas, relieving internal teams of added admin and burden. Ben Mills, Commercial Director at Law Firm Services, said: "Minerva has always been built to work alongside the very best legal technology, not compete with it. Partnering with Thirdfort allows us to deliver a genuinely joined up onboarding experience that keeps things simple for clients while supporting law firms to grow, retain and deliver more effectively. By bringing best in class ID verification into Minerva's engagement workflows, we're helping firms move faster from instruction to action without adding operational complexity." Olly Thornton Berry, Co Founder and CEO of Thirdfort, said: "Law firms are under growing pressure to deliver faster onboarding whilst managing risk. Partnering with Minerva allows us to bring Thirdfort's identity and Source of Funds verification into a wider, connected onboarding workflow cutting down on back and forth, and helping firms move from instruction to progress more quickly. It's a practical partnership focused on improving outcomes for both firms and their clients." The partnership will be formally unveiled at VERIFIED, Thirdfort's Compliance summit in London on 23 April, where more than 200 compliance professionals are expected to attend. The announcement will be integrated into a keynote session delivered by Thirdfort founders Jack and Olly, who will be sharing their perspective on the future direction of client due diligence and the growing role of AI in compliance and onboarding. For Minerva, the partnership marks a strong start to the new financial year and reinforces its longer term strategy of turning onboarding data into meaningful intelligence for law firms. Alongside its best in breed partner ecosystem, Minerva is investing in AI enabled capabilities that read and understand client submitted information, identify gaps or issues early, and support cleaner, more accurate data before it ever reaches the lawyer. With Mike Walker's recent appointment as Chief Technology Officer, the focus is firmly on delivering a step change in value, helping firms move faster, reduce friction and provide a richer client experience, without adding complexity to existing workflows.

Property Industry Eye
Nov 20th, 2024
Thirdfort joins forces with ProConvey to simplify conveyancing onboarding

Thirdfort, the client due diligence platform, has partnered with UK-based legal technology startup ProConvey, with a view to making the onboarding process more efficient for conveyancers.

Inside Conveyancing
Feb 5th, 2024
Thirdfort launches updated Secure share to help agents boost referrals and conveyancers win new business

Client compliance platform Thirdfort has launched its updated Secure share product to help estate agents boost referrals through the secure sharing of ID and AML reports.

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