ID verification platform Thirdfort scores £15m

Thirdfort, which offers automated ID verification services, has raised £15m in its latest funding round.

The round was backed by Breega and Element Ventures.

Thirdfort aims to help businesses with automated ID verification, AML compliance and source funds checks.

A client will start their ID checks instantly, with Thirdfort able to chase them and ensure the business gets the necessary information. To ensure strict identity verification, the platform leverages passport chip reading, facial recognition and liveness checks.

The Fintech company has grown a lot in the past two years. In January 2020 it had a team of ten, with 30 business clients and one industry partner. Now it has 100 staff members, 700 business clients and 15 partners.

Thirdfort previously raised £1.5m in a funding round in 2021 to support the development of its product. Investors to the round include Cazoo and Zoopla founder Alex Chesterman and Mishcon de Reya.

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