Thirdfort has strengthened its position as a one-stop shop for client due diligence (CDD) by acquiring the Homeppl tenant referencing platform.

Used by 1,500+ regulated businesses, including more than 230 estate agents, Thirdfort can now provide tenant checks and protect clients from fraud in the lettings market as it edges closer to succreding its vision of make client due diligence simple and secure for legal, property, and accounting professionals.

Homeppl’s tenant checks use technology to identify fraudulent tenant applications before they become costly, whilst making previously invisible rental applicants, such as internationals, students, and individuals with thin UK credit files, fully and easily accessible.

Each tenant goes through more than 150 fraud tests, including email tracking, reaction tests, data enrichment, font detection, and authority and integrity tests.

Future integration

Initially, the rental check platform will operate as Homeppl by Thirdfort before being fully integrated into its end-to-end client due diligence platform.

Olly Thornton-Berry, co-founder and CEO at Thirdfort: “Homeppl has built an outstanding product with its unique and market-leading rental check and fraud detection solution for lettings. The cutting-edge solution complements our platform, making client due diligence simple and secure for all property, legal and accounting professionals.”

“Property is a significant growth area for us, and we’ve consistently heard from our clients that they want a single platform to handle all their CDD needs across both sales and lettings. We can offer clients a truly unique end-to-end platform that does not exist elsewhere.”

The remaining Homeppl business will rebrand to Fraud Finder to focus on AI document analysis while continuing to power the document analysis algorithm that supports Homeppl and Thirdfort’s tenant check process.

Alexander Siedes, founder of Homeppl and CEO of Fraud Finder: “Thirdfort is a leader in simplifying and securing client due diligence for the property sector and a great fit for Homeppl’s rental check platform. It’s an exciting opportunity to create a category-defining client due diligence platform for the property sector.

“As we shift our focus to Fraud Finder, we see an immense opportunity to help businesses across industries combat the rising threat of application fraud. We worked hard on Homeppl to make it a success, and we’re ready to work harder on Fraud Finder.”