Credas

Credas verifies that people are who they say they are, and does it in the specific ways UK property regulation demands. The same underlying check serves several statutory purposes — anti-money-laundering due diligence for a sale, right-to-rent for a letting, right-to-work for employment — which is why the product spans categories that otherwise have little to do with each other.

What It Does

• Identity: biometric-powered certified ID checks
• AML: checks with real-time international screening
• Screening: PEPs and sanctions, with ongoing monitoring rather than a one-off check
• Statutory checks: Right to Rent and Right to Work
• Funds: source-of-funds verification via open banking
• Business: Know Your Business reports covering over 400 million companies
• Wallet: shareable compliance documentation, so a verified identity can be reused

Position

The Credas Wallet is the structurally interesting piece. Identity checking is normally repeated by every firm in a chain, each starting from scratch; a reusable, shareable verification attacks that duplication — the same problem Coadjute approaches from the transaction side.

Certification under the UK Government’s Digital Identity and Attributes Trust Framework matters commercially here, because it is what allows a digital check to satisfy obligations that would otherwise require sight of original documents. The company states it serves 350,000 people per month across 40+ sectors and that 60% of UK housing transactions involve Credas.