Major cash injection for agency-backed risk platform Thirdfort.


Thirdfort, the risk management platform backed by Chestertons, Savills and Knight Frank, has received a cash boost from global credit intelligence firm Pepper Advantage.

Thirdfort combines Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification and Pepper Advantage will start to offer its one-stop AML solutions to its UK mortgage origination clients before integrating it into its global credit management platform.

Thirdfort’s platform mixes digital ID, AML and SoF verification, alongside Open Banking and transaction specific data. It warns of risks with onboarding both individuals and corporates, enabling them to begin transacting with new clients more quickly.


Thirdfort co-founder and managing director Olly Thornton-Berry (main picture, right with co-founder Jack Bidgood), says: “As the risk of fraud and money laundering is ever-increasing in mortgage lending, credit management professionals face new challenges.

“They must navigate rapidly escalating KYC and AML regulations while continuing to provide a seamless customer service. This requires a comprehensive solution.

Pepper Advantage’s investment is another significant endorsement in Thirdfort.”

“Pepper Advantage is a leading global credit intelligence provider, so its investment and partnership is another significant endorsement in Thirdfort and the benefit our platform offers regulated professionals.”

Fraser Gemmell, Pepper Advantage

Fraser Gemmell, Pepper Advantage

Fraser Gemmell, Pepper Advantage chief executive, adds: “The use of Open Banking will bring technological advancements to a sector in which they have been sorely lacking, while the surge of fraud necessitates AML innovation.

“We will look to integrate this technology directly into our new proprietary, cloud-based, modular credit management platform. This partnership will accelerate our transition into a technologically-driven credit intelligence company.”


Thirdfort is currently used by more than 850 regulated professional services firms including estate agents, conveyancers and law firms.

As part of the deal Pepper Advantage is looking at expanding Thirdfort’s technology into different uses and markets as part of its broader program of digital transformation.
In March, Thirdfort secured Series A funding to support growth in its legal and property markets and in July received investment from Savills, Chestertons and Knight Frank.

Go to Publisher: Proptech Archives – The Negotiator
Author: Robyn Hall