CertifID, a leading platform for wire fraud protection in the real estate industry, has raised $47.5 million in a Series C funding round led by Centana Growth Partners, with participation from Arthur Ventures, which previously backed the company’s Series A and B rounds.
This funding will support CertifID’s expansion into advanced identity verification, transaction monitoring, and secure payment solutions. The company aims to expand its team and enhance partnerships while introducing new security features.
CertifID serves title companies, law firms, lenders, real estate agents, and consumers by combining advanced software with fraud recovery services to protect high-stakes transactions. Their dual approach—AI-powered fraud detection alongside expert human insight—ensures safety against increasingly sophisticated wire fraud threats.
In 2023, CertifID prevented $1.3 billion in potential losses, verified over 1 million mortgage payoffs, and returned more than $100 million to fraud victims, highlighting its significant role in safeguarding financial transactions.
How the funding will be used: With this latest investment, CertifID is poised to scale its fraud-fighting capabilities and deepen its role as a trusted security partner across the real estate ecosystem.
KEY QUOTES:
“The investment in CertifID felt like a natural fit given Centana’s deep expertise in the identity and fraud prevention space. 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.”
Tom Cronkright, Co-Founder and Executive Chairman of CertifID
“Most business owners don’t realize what they are up against: The increase in sophistication and frequency of attacks in the age of AI is alarming. Our customers rely on CertifID every day as identity verification becomes more difficult and transactions get riskier to complete. This funding enables us to remain focused on innovation, staying ahead of emerging threats as we scale. Our team is setting a new standard for protecting life-changing transactions.”
Tyler Adams, Co-Founder and CEO of CertifID
“Business email compromise is one of the most urgent and costly threats facing industries that rely on high-trust, high-value transactions – real estate chief among them. CertifID has built a comprehensive platform that sits at the intersection of fraud prevention, payments, insurance, and enterprise technology, which are areas where Centana has meaningful expertise and strong portfolio alignment.”
“We’re excited to partner with Tyler, Tom, and the entire CertifID team as they scale their mission to protect financial transactions and expand into new markets.”
Eric Byunn, Partner and Co-Founder at Centana Growth Partners
“Our continued support reflects CertifID’s ability to consistently deliver, scale, and lead in a market that’s becoming more critical by the day. Their growth trajectory and mission make them a standout partner.”
Patrick Meenan, Partner at Arthur Ventures
