5 years ago

ThirdFort Raises €1.1 Million for ID Verification App in Conveyancing

  • ThirdFort, a legaltech startup, has raised €1.1 million from high-profile investors to capitalise on increasing demand for its ID verification app

  • The app offers a user-friendly solution for identity and source of funds checks for conveyancers, aiming to shape the industry and help lawyers compete in a challenging landscape.

      • ProblemLegal Services

      "Fraudsters can pose as legitimate parties in property transactions, leading to significant financial losses for buyers, sellers, and legal professionals."

      Solution

      "Thirdfort provides an easy-to-use mobile app that verifies the identity and source of funds for parties involved in property transactions, using a combination of document upload, facial recognition, open banking data, and questionnaires to mitigate fraud risk."

      Covered on