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Agency backed AML platform reaches 1m milestone

Agency-backed anti-money laundering platform Thirdfort is celebrating reaching 1m downloads of its app.

Thirdfort, backed by Knight Frank, Chestertons and Savills’ proptech subsidiary Grosvenor Hill Ventures, said this represents around 2.5% of adult smartphone users.

Since launch four years ago, Thirdfort said it has now verified more than 1m people on behalf of thousands of conveyancers, lawyers, estate agents and other regulated professional services firms. 

Olly Thornton-Berry, co-founder of Thirdfort, said: “This is a significant milestone for us. We’ve reached around 2.5% of adult smartphone users in the UK, which is a huge number for a business of our scale, but represents just the tip of the iceberg when you consider the problem we are trying to address. 

“When we launched Thirdfort, conveyancers were at the forefront of changing regulations and fraud risk, with 6,500 businesses acting as guardians and facilitators to £240bn worth of transfers. We’re now seeing the same requirements coming in for all regulated professionals, across property, legal and finance.”


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