CertifID Strengthens its Position with Paymints.io Acquisition

Deal News | Jan 14, 2025 | Arthur Ventures LLC

CertifID Strengthens its Position with Paymints.io Acquisition

CertifID, renowned for its expertise in wire fraud protection for the real estate industry, has acquired Paymints.io, a platform enabling digital money transfers for title companies, law firms, and real estate brokerages. This strategic acquisition propels CertifID to the forefront of securing real estate transactions by integrating Paymints.io's capabilities. With a mission to fortify defenses against rampant cybercrime in real estate, which accounted for $1.9 billion in losses according to recent FBI reports, CertifID aims to extend its service offering. By providing comprehensive security for transactions and enhancing customer convenience, the acquisition facilitates extensive payment capabilities across multiple real estate functions. The unification of CertifID's and Paymints.io's platforms ensures a streamlined user experience, improved consumer journey, and a robust shield against social engineering frauds, with CertifID already supporting $2 million in wire protection coverage. The integration forms a seamless and holistic system, encompassing secure fund transfers and identity verification, designed to amplify transparency throughout real estate payments.

Sectors

  • Real Estate Technology
  • Financial Services

Geography

  • United States – Both CertifID and Paymints.io, as well as the cybercrime statistics mentioned, are based or centered in the United States.

Industry

  • Real Estate Technology – The article focuses on the acquisition of a company that provides technological solutions to the real estate industry, especially in digital payments and fraud protection.
  • Financial Services – The involvement of digital payment solutions and fraud protection services, which are part of the financial services sector, is central to the article.

Financials

  • $2M – CertifID provides up to $2 million in direct coverage on every wire it protects.
  • $80M – The amount in stolen funds returned to victims through CertifID's recovery services.
  • $1.9B – The amount stolen from U.S. consumers and businesses over a decade due to cybercrime in real estate, as reported by the FBI.

Participants

NameRoleTypeDescription
CertifIDAcquiring companyCompanyA leading company in wire fraud protection for the real estate industry.
Paymints.ioTarget companyCompanyA provider of digital payment solutions for the real estate sector.
Arthur Ventures LLCPrivate Equity BackerCompanyA private equity firm investing in CertifID, supporting its strategic acquisition.
Tyler AdamsCEO and Co-Founder of CertifIDPersonLeader at CertifID, providing perspective on the acquisition impact.
Jason DoshiCo-Founder and CEO of Paymints.ioPersonExecutive at Paymints.io who emphasized the strategic benefits of the acquisition.
Yvonne DeardorffPresident & CEO of Lakeside Title CompanyPersonA customer of both CertifID and Paymints.io, noting the advantages of the acquisition.