CertifID secures vital growth capital from CIBC Innovation Banking to combat wire fraud

CertifID secures vital growth capital from CIBC Innovation Banking to combat wire fraud

CIBC Innovation Banking, a Canadian financial institution, has recently announced a significant financial commitment to CertifID, a pioneering company in the sphere of wire fraud prevention.

CertifID, which specialises in wire fraud protection, has been granted growth capital financing by CIBC Innovation Banking. This funding marks a pivotal moment for CertifID, enabling it to further broaden its impressive suite of wire fraud prevention services.

At its core, CertifID dedicates itself to the mission of halting wire fraud in its tracks, thereby ensuring the security of its clients’ funds. Through its comprehensive range of protection software, alongside insurance and recovery services, CertifID stands as a bulwark against the increasingly sophisticated wire fraud attempts targeting the real estate sector.

CertifID’s collaboration with CIBC Innovation Banking is not merely financial but strategic, with both entities expressing enthusiasm for the partnership. CertifID CEO Tyler Adams remarked, “CIBC Innovation Banking is a trusted partner to CertifID in our journey to protect more customers from wire fraud. Given their proven track record of supporting technology startups, we look forward to expanding our business with CIBC Innovation Banking at our side.”

Similarly, Jonathan Schupack, Managing Director at CIBC Innovation Banking, noted, “We are excited to work with CertifID as they enter the next phase of their growth. CertifID is well positioned for further expansion as it addresses the fraud prevention needs in the real estate market.”

Keep up with all the latest FinTech news here.

Copyright © 2024 FinTech Global

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.