Weekly Real Estate News
CertifID, a wire fraud protection platform serving the real estate industry, announced a $47.5 million Series C funding round led by Centana Growth Partners.
The company added that Arthur Ventures, which previously led their Series A $12.5M and Series B $20M rounds, participated in the new funding round.
In a statement, CertifID said it would use the new funding “to expand its capabilities across identity verification, transaction monitoring, and secure payments, while deepening its investment in the human expertise that makes the platform so effective. The company will also grow its team, expand partnerships, and accelerate the rollout of new security features.”
The company stated it prevented $1.3 billion in losses in 2024 and verified over 1 million mortgage payoffs and returned more than $100 million to fraud victims to date.
“The investment in CertifID felt like a natural fit given Centana’s deep expertise in the identity and fraud prevention space,” said Tom Cronkright, co-founder and executive chairman of CertifID. “They understand our mission and share our commitment to securing critical financial transactions. I’ve personally experienced the devastating impact of wire fraud, and we started CertifID to help ensure others don’t have to. With this investment, we’re doubling down on innovation to stay ahead of shape-shifting fraud and deliver the highest level of protection to our customers.”
