UK Fintech Kord Secures £6.4 Million to Combine Identity Checks and Payments for Property Deals #

London-based Kord has closed a £6.4 million Series A funding round, bringing total capital raised to £9 million. The company provides compliance and payments infrastructure for law firms and estate agents handling high-value property transactions.

Guinness Ventures led the round, with Beringea and SFC Capital participating alongside angel investors. Revenue grew from roughly £600,000 to nearly £4 million in the past year, according to Tech Funding News, a roughly sevenfold increase.

James Owusu founded the company after eight years running client due diligence and onboarding at financial services firms, while also building a personal £2.5 million property portfolio. That experience on both sides of the compliance process shaped the platform’s design. Kord combines identity verification, anti-money laundering screening, and client money management in a single system, which the company says no other provider currently offers.

Failed UK property transactions cost consumers an estimated £560 million a year and carry a broader economic toll of around £950 million, largely because conveyancing firms handle identity, compliance, and payments through separate, manual systems. Owusu describes Kord’s solution as a “closed-loop environment” in which buyers can be verified and complete a payment within the same workflow, reducing fraud and transaction failure risk.

Kord has more than 100 paying customers. Malcolm King, chief investment officer at Guinness Ventures, said Kord had built “the infrastructure layer that modern businesses need” by combining identity verification, compliance, and payments in one place. Kiu Kim, investment director at Beringea, said the platform has become “a critical part” of clients’ day-to-day operations.

The company was previously known as Checkboard and is authorised by the UK’s Financial Conduct Authority. It plans to use the new capital to expand its platform and extend into regulated industries beyond conveyancing.

Source: Tech Funding News