Wire fraud is on the rise and poses a key threat to the genuine estate sector, but a Grand Rapids-based startup has secured a significant financial investment in its attempts to aid avert cons.
CertifID, which serves as a electronic identity and product verification resolution, introduced in 2017 to struggle wire fraud in authentic estate. The corporation assists safeguard transactions for title agents, law corporations, loan companies, serious estate brokers, buyers and sellers.
Now, 5 several years later, CertifID has shut on a Series A financing spherical with a $12.5 million expenditure.
The funding comes from Arthur Ventures, a progress equity business in Minneapolis, Minnesota. With this spherical, CertifID has the money to continue its advancement though guarding businesses and buyers from wire fraud — something cofounders Thomas Cronkright and Lawrence Duthler understand firsthand.
“CertifID was primarily born out of a wire fraud incident,” stated Cronkright, who also serves