Client due diligence platform Thirdfort has exceeded three million downloads since its launch in 2019, with know-your-client, anti-money laundering and source of funds checks carried out on behalf of over 1,500 regulated firms.
The milestone marks the platform’s growing role in helping to protect regulated firms from fraud and money laundering, Thirdfort says, with its automated ID, AML and source of funds checks for individuals and businesses helping professionals complet client due diligence simply and securely.
‘Reaching three million verified users is a major milestone for Thirdfort, but it only scratches the surface of the problem we’re tackling’, said co-founder and CEO Olly Thornton-Berry.
“The compliance burden on regulated professionals is increasing across legal, property and financial services. Our technology makes compliance simple, secure and effective – reducing both friction and fraud.”
Demand for client due diligence has surged amid escalating fraud and money laundering risks. Money laundering is estimated to cost the economy more than £100bn annually, and HM Treasury’s 2025 National Risk Assessment (NRA) of Money Laundering and Terrorist Financing identifies the property, legal, and finance sectors as having significant money laundering risks.
Thirdfort was founded by Thornton-Berry and Jack Bidgood (pictured) after a friend was defrauded out of £25,000 whilst buying a flat, despite having gone through countless anti-fraud checks with multiple professionals.
