CertifID, a wire fraud protection platform focused on the real estate sector, has raised $47.5m in a Series C funding round as it looks to expand its fraud prevention technology and reach new markets.
The round was led by Centana Growth Partners, with continued backing from Arthur Ventures, which previously led CertifID’s Series A and B rounds totalling $32.5m.
Founded to tackle growing threats in real estate transactions, CertifID provides software, insurance and recovery services to protect against wire fraud. Its platform is used by title companies, law firms, lenders, real estate agents and consumers to verify identities, monitor transactions and securely transfer funds.
With this fresh capital, CertifID aims to enhance its technology across secure payments, transaction monitoring, and identity verification. The firm will also expand its team, develop new partnerships and bring additional security features to market.
The company’s approach combines artificial intelligence with human expertise, positioning it to meet increasing demand as fraud tactics become more sophisticated. Last year alone, CertifID claims to have prevented $1.3bn in losses, verified over 1 million mortgage payoffs, and recovered more than $100m for fraud victims.
CertifID executive chairman Tom Cronkright said, “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.”
CertifID CEO Tyler Adams added, “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.”
Eric Byunn, partner and co-founder at Centana Growth Partners, said, “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.”
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