Arthur Ventures Leads Funding Round as CertifID Expands Its Mission to Safeguard Real Estate Transactions
CertifID, the Texan wire fraud prevention company, has successfully raised $20 million in its Series B funding round, marking a significant step in fortifying the real estate industry’s defenses against fraud. This latest funding effort was spearheaded by Arthur Ventures, a key participant in CertifID’s earlier $12.5 million Series A round in May 2022.
The announcement of this funding comes amid a remarkable surge in market interest in CertifID’s fraud protection software, insurance offerings, and recovery services. With a mission to serve as the vanguard against the escalating tide of wire fraud incidents that have plagued the real estate sector, CertifID has demonstrated its prowess by safeguarding billions of dollars and aiding in the recovery of over $60 million in stolen funds for victims.
Tyler Adams, CEO of CertifID, stated, “CertifID’s mission is to be the frontline defense for consumers and businesses against the growing wave of wire fraud plaguing the real estate industry. Since our founding, we have protected billions of dollars from attempted fraud attacks, as well as helped recover over $60 million in stolen funds for victims. This investment will help us continue to safeguard against the intensifying risks of fraud.”
CertifID employs advanced software, insurance solutions, and proven recovery services to protect billions of dollars each month. Trusted by various stakeholders in the real estate ecosystem, including title companies, law firms, lenders, realtors, and home buyers and sellers, CertifID goes the extra mile by providing up to $1 million in direct coverage for every wire transaction it safeguards.
Patrick Meenan, General Partner at Arthur Ventures, expressed his enthusiasm for CertifID’s mission, saying, “CertifID is addressing a growing problem in an industry looking for modern solutions. Despite the challenges posed by a decelerating housing market, CertifID stands out as a technology leader with a mission of utmost importance to the U.S. economy. We are excited to continue our partnership with CertifID and are eager to see them continue their impressive growth.”
Thomas W. Cronkright II, Executive Chairman at CertifID, underscored the gravity of the wire fraud threat in real estate transactions, affirming the company’s unwavering commitment to providing the necessary products and services to protect closing funds for consumers and businesses.
CertifID’s successful Series B funding round, led by Arthur Ventures, marks a significant milestone in the company’s mission to shield the real estate industry from fraud. With their innovative approach and dedication to safeguarding financial transactions, CertifID remains at the forefront of modern solutions to a critical issue in the real estate sector.