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CertifID
CertifID is a prominent PropTech and network security company focused on preventing wire fraud in the real estate sector. Founded in 2017 by Thomas Cronkright and Tyler Adams in Grand Rapids, Michigan, the company was established to address vulnerabilities in bank account transfers after Cronkright experienced a significant loss due to fraud. Now headquartered in Austin, Texas, CertifID has raised over $81 million in funding and secures approximately $8 billion in real estate transactions each month. The company offers a comprehensive Software as a Service (SaaS) platform that includes advanced identity verification, device analysis, and direct wire fraud insurance. Their services feature a proprietary digital platform that analyzes over 150 fraud markers, ensuring a high verification rate. CertifID also provides direct insurance coverage for wire transactions, fraud recovery services, and a specialized solution to combat payoff fraud. Their technology serves a wide range of stakeholders in the real estate ecosystem, including title companies, law firms, lenders, and property management firms, all aimed at ensuring secure and reliable transactions.
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$10M