CertifID

Prevents wire fraud in real estate transactions

Grand Rapids, Michigan, United States

About CertifID

CertifID focuses on preventing wire fraud in real estate transactions by providing a digital platform that ensures secure fund transfers. The platform validates the identities of all parties involved in a transaction and securely shares wiring information, which helps reduce the risk of fraud and streamline operations for real estate professionals. Unlike its competitors, CertifID emphasizes user-friendliness and integration into existing workflows, allowing clients to regain confidence in their transactions. The company's goal is to protect all parties in real estate deals from wire fraud, ensuring that their funds are safe and secure.

Grand Rapids, MichiganHeadquarters
2017Year Founded
$32.6MTotal Funding
SERIES_BCompany Stage
Fintech, Real EstateIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Company Match
Company Equity
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Wellness Program
Parental Leave

Risks

Sophisticated fraud tactics like deepfakes challenge CertifID's verification methods.
AI-driven phishing attacks may outpace CertifID's current fraud detection capabilities.
Decentralized finance platforms introduce vulnerabilities CertifID's systems may not handle.

Differentiation

CertifID offers up to $1M insurance coverage on every wire it protects.
CertifID's software analyzes over 150 fraud markers in minutes.
CertifID partners with federal law enforcement for fraud recovery, doubling industry recovery rates.

Upsides

CertifID secured $20M in Series B funding to expand fraud prevention products.
Partnership with Old Republic Title enhances CertifID's role in mortgage payoff fraud prevention.
Increased digital closing solutions adoption boosts demand for CertifID's secure wire services.

Funding

Total raised$32.59 M
Latest valuation$100.00 M
StageSERIES_B
SERIES B
8/31/2023
$20
$100.00 M
SERIES A
4/30/2022
$12
$62.50 M
SEED
12/31/2017
$1
$5.00 M