Closinglock, a prominent FinTech and fraud prevention technology provider for the real estate industry, has successfully concluded its Series A funding round, securing a substantial investment of $12m.
The significant influx of capital will enable Closinglock to expedite product development, expand its technological infrastructure, and further enhance its capabilities in safeguarding and streamlining real estate transactions.
With fraudulent schemes evolving, Closinglock remains steadfast in advancing its product offerings and improving security through cutting-edge technology and a customer-centric approach.
The round was led by Headline and supported by LiveOak Ventures, RWT Horizons, and GTMfund, further advancing Closinglock’s mission to revolutionise the transfer of funds and information within the real estate sector.
Andy White, Co-founder and CEO of Closinglock, said, “This marks a pivotal moment for Closinglock, validating its innovative approach and robust platform aimed at fortifying the real estate industry against fraudulent activities and financial risks. This Series A funding is a testament to the dedication and expertise of our team, as well as the relevance of our solutions in combating fraud in real estate. We are thrilled to add Headline as a partner as we continue to innovate and strengthen our offerings to better serve our clients.”
King Goh, partner at Headline, added, “When we first met with Closinglock, we were immediately impressed with their dedication to solving the increasingly complex problems in real estate – spanning fraud, trustworthy payments and software. Complemented by their industry expertise, technology and product depth, we knew right away that Closinglock was up to this challenge. We couldn’t wait to partner with them and get started.”
Closinglock provides fraud prevention technology to the real estate industry, modernising transactions through a secure, easy-to-use platform.
Trusted by over 400 title companies and law firms, and supported by leading financial service providers such as J.P. Morgan, Closinglock has protected hundreds of thousands of transactions totalling more than £250bn.
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