Certifid Lands Series C Financing to expand security options

The Certifid platform is used by title companies, law firms, mortgage lenders, brokers and consumers to verify identities, check transactions and reclaim lost funds.

“I personally experienced the devastating impact of wire fraud and we started with Certifid to ensure that others don’t have to do that,” said Tom Cronright, co-founder and executive chairman of the company. “With this investment we double in innovation to stay ahead of form -changing fraud and to offer the highest level of protection to our customers.”

This latest financing round follows $ 12.5 million in Series A and $ 20 million in Series B – both were led by Arthur Ventures.

It is said that Certifid prevented $ 1.3 billion in potential losses last year. To date, it has verified more than 1 million mortgage payments while giving back $ 100 million-plus to victims of fraud.

“The increase in refinement and frequency of attacks in the AI era is alarming,” said Tyler Adams, co-founder and CEO of Certifid. “Our customers trust Certifid every day as identity verification becomes more difficult and transactions become more risky to complete. This financing enables us to stay focused on innovation, to stay paramount on emerging threats while we scales.”

Centana Growth Partners mentioned the growing role of Certifid in a critical and vulnerable part of financial infrastructure.

“The compromise of business e-mail is one of the most urgent and expensive threats for industries that depend on high trust, high-quality transactions, including real estate,” said Eric Byunn, co-founder and partner at Centana. “Certifid has built an extensive platform that is at the intersection of fraud prevention, payments, insurance and business technology.”