Start-Up: Thirdfort

Welcoming Thirdfort to FinTech Connect!

Year launched: 2017

Thirdfort offers an FCA regulated, digital payment platform for property lawyers. Currently, processing payments and the associated compliance is administratively intensive and heavily manual. This leads to poor customer experience when buying a house and fraud in property transactions is a big problem, up 20 fold in past 2 years.

How did the idea for the business originate?
After a friend of the co-founders was defrauded out of £25k whilst buying a flat in London early last year. He never saw the money again..

Do you have customers yet? If not, how far into your business lifecycle are you?
We are piloting the platform with Mishcon de Reya and a major estate agent.

How have you funded your growth to date?
We raised £100k of angel funding in January and received a £20k grant from the Land Registry as part of their Geovation programme. We expect to do our seed round imminently to hire the talent to fulfil this huge market need.

What would a successful 2018 look like for you?
Generating our first revenue post testing and have 3 property lawyers piloting our platform.

Outside of your own business, which start up do you admire the most and why? 
Tide. In 3 years and no marketing spend they’ve revolutionised the SME business banking market. Setting up a business bank account, like buying a house, is thought by many destined to remain gut wrenchingly painful yet they managed to change this with technology. We’ll do the same with property.

Anyone interested in speaking with the Thirdfort team can meet them at FinTech Connect in booth 
P30, 5-6th December at the ExCeL LondonView the Floorplan, or register now as a free visitor!

To see who else is exhibiting at Fintech Connect, click here.

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