Kord raises £6.4M Series A after 7x revenue jump to merge ID checks and payments
What's the deal? UK fintech KordDealroom has a profile for this one. Try Dealroom → has raised £6.4 million in a Series A round led by Guinness VenturesDealroom has a profile for this one. Try Dealroom →, with BeringeaDealroom has a profile for this one. Try Dealroom →, SFC CapitalDealroom has a profile for this one. Try Dealroom →, and angel investors also joining. The company builds a single platform combining identity verification, compliance, and payments for law firms and estate agents. Its total funding now stands at £9 million.
Why now? Kord's revenue grew from £600,000 to nearly £4 million in one year, an almost sevenfold jump, according to founder James Owusu. "Those strong metrics made the conversation much easier," he says. Guinness Ventures and Beringea back revenue-generating companies rather than early-stage startups.
What's the endgame? Kord wants to fold onboarding and payments into one step. Once a client passes its identity and anti-money-laundering checks, they can pay a firm directly through Kord's wallet — no transfer to a separate account needed.
By the numbers: Failed UK property transactions cost consumers £560 million and the wider economy £950 million each year, largely because firms run identity checks, compliance, and payments on separate systems. Kord now has over 100 paying customers.
"Every high-value transaction depends on trust, yet the systems underpinning many regulated industries remain fragmented, manual and increasingly vulnerable to sophisticated fraud," says Malcolm King, chief investment officer at Guinness Ventures.
What could go wrong? Owusu says Kord has no direct competitor pairing identity verification with client money management, but he expects that to change. "As soon as we go live and start talking about it, people will see the same gap we see and want to close it," he adds. Thirdfort, the UK identity-verification leader, works with over 1,500 law firms and property businesses but does not offer client money accounts.
The signal: Investors are backing infrastructure that unifies compliance and payments in regulated industries, where fraud and fragmented systems carry a heavy cost. Kord joins a wave of startups — including conveyancing player ConveydDealroom has a profile for this one. Try Dealroom → — targeting the broken UK property chain from different angles.
Read more: Tech Funding News
Image credit: Kord
