CertifID, a leader in wire fraud protection for the real estate industry, announced it has acquired Paymints.io. This solution enables digital money transfers by title companies, law firms, and real estate brokerages. The deal marks a significant step forward in CertifID’s position as the most trusted partner for the industry to secure real estate transactions.
CertifID reported that as many as 1 in 20 home buyers and sellers become victims of fraud during a real estate closing. With the addition of digital payments through its acquisition of Paymints.io, CertifID extends the protection it provides customers in combatting cybercrime and delivering safe closing experiences for clients.
KEY QUOTES:
“Joining forces with CertifID allows us to accelerate our shared vision of modernizing real estate payments while ensuring unprecedented security. Together, we’re creating a new standard for how funds move through real estate transactions – one that combines convenience with security.”
- Co-Founder and CEO of Paymints.io Jason Doshi
“The combination of CertifID and Paymints.io will be a game changer for us. We successfully use both technologies today, and we are looking forward to now looking at them as one complete solution. The ability to verify, pay, insure, and mitigate risks from a single vendor further cements CertifID as our most trusted partner to keep our customers’ funds safe.”
- Yvonne Deardorff, President & CEO of Lakeside Title Company
“This acquisition represents more than just a combination of two innovative companies – it’s about transforming the transparency and security of how payments are made. We’re creating an unprecedented platform that will secure the movement of Good Funds for our customers at every step of a real estate transaction, from the moment a buyer submits their earnest money deposit until the seller’s mortgage is paid off. This is the future of secure real estate transactions.”
- Tyler Adams, CEO and Co-Founder of CertifID
