Thirdfort Boosts Due Diligence Capability with Acquisition of Homeppl's Rental Check System
Deal News | Feb 11, 2025 | Mishcon
Thirdfort, a client due diligence platform, has strengthened its offerings by acquiring Homeppl's rental check system. The acquisition aims at enhancing Thirdfort's platform to provide a comprehensive due diligence solution for legal, property, and accounting professionals. The MDR Lab alumnus, Thirdfort, now enhances its capability to offer tenant checks that protect clients from fraud in the lettings market. Homeppl's system shields against fraudulent applications through more than 150 fraud tests, and its integration into Thirdfort will make the due diligence process more efficient and secure. Dan Sinclair from Mishcon de Reya hailed the acquisition as a commitment to innovation in the legal tech space and praised Thirdfort's growth. Mishcon de Reya's MDR Lab has successfully collaborated with over 30 companies since its inception, making equity investments in a few, including Thirdfort.
Sectors
- Legal Tech
- Real Estate
- Fraud Detection Technology
- Financial Services
Geography
- United Kingdom – Thirdfort is a UK-based platform and the acquisition news is relevant to the legal and property sectors within the UK.
Industry
- Legal Tech – The article is centered around Thirdfort's acquisition of Homeppl's technology, enhancing solutions for legal professionals.
- Real Estate – The acquisition aims to improve due diligence capabilities in the lettings market, impacting estate agents and related real estate activities.
- Fraud Detection Technology – Homeppl's system is known for its capacity to detect fraudulent applications, showcasing advancements in fraud detection technology.
- Financial Services – Thirdfort offers due diligence solutions for regulated businesses, impacting the financial services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thirdfort | Acquiring Company | Company | A client due diligence platform enhancing its capabilities through the acquisition of Homeppl's rental check system. |
| Homeppl | Target Company | Company | Provides a rental check system that uses technology to detect fraudulent applications. Acquired by Thirdfort. |
| Mishcon de Reya | Advisor and Investor | Company | A law firm that founded MDR Lab, from which Thirdfort emerged. Mishcon de Reya has invested in Thirdfort. |
| Dan Sinclair | Spokesperson | Person | Head of Early Stage Strategy at Mishcon de Reya, commented on the acquisition. |