CertifID has raised $47.5 million in a Series C funding round led by Centana Growth Partners with continued participation from Arthur Ventures.
The new capital will be used to expand CertifID’s capabilities in identity verification, transaction monitoring and secure payments. The company also plans to scale its team, accelerate product development and broaden industry partnerships.
CertifID’s platform is used by title companies, law firms, mortgage lenders, real estate agents and consumers to verify identities, monitor transactions and recover lost funds.
“I’ve personally experienced the devastating impact of wire fraud, and we started CertifID to help ensure others don’t have to,” said Tom Cronkright, the company’s co-founder and executive chairman. “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.”
This latest funding round follows $12.5 million in Series A and $20 million in Series B — both of which were led by Arthur Ventures.
CertifID reportedly prevented $1.3 billion in potential losses last year. To date, it has verified more than 1 million mortgage payoffs while returning $100 million-plus to victims of fraud.
“The increase in sophistication and frequency of attacks in the age of AI is alarming,” said Tyler Adams, CertifID’s co-founder and CEO. “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.”
Centana Growth Partners cited CertifID’s growing role in a critical and vulnerable part of financial infrastructure.
“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,” said Eric Byunn, co-founder and partner at Centana. “CertifID has built a comprehensive platform that sits at the intersection of fraud prevention, payments, insurance and enterprise technology.”