Thirdfort, a client due diligence platform and an early member of Mishcon de Reya's MDR Lab, has acquired Homeppl’s rental check system. This strategic acquisition aligns with Thirdfort’s mission to expand its client due diligence (CDD) capabilities for legal, property and accounting professionals.
The acquisition enhances Thirdfort’s ability to offer a unified platform for comprehensive CDD solutions in both sales and lettings. Currently used by over 1,500 regulated businesses, including more than 230 estate agents, Thirdfort aims to offer tenant checks and protect clients from fraud in the lettings market.
Homeppl’s rental check tool uses innovative technology to identify fraudulent tenant applications through over 150 fraud tests, including email tracking and data enrichment. This solution will complement Thirdfort’s platform, making client due diligence more efficient and secure.
Dan Sinclair, Head of Early Stage Strategy at Mishcon de Reya, commented: "We are excited to see Thirdfort continue to grow and innovate in the legal tech space. The acquisition of Homeppl’s rental check system demonstrates commitment to providing robust solutions that address the evolving needs of the property sector. We congratulate the Thirdfort team on this significant milestone and look forward to supporting their continued success."
MDR Lab was founded in 2017 to enable Mishcon de Reya to work uniquely and exclusively with technology start-ups in the legal space. Since then, the Lab has successfully worked with 30+ companies. Mishcon de Reya uses a number of these products across the Firm and has made equity investments in 4 of the businesses, including ThirdFort.
Find out more about MDR Lab here and learn about its programmes here.