CertifID Acquires Paymints.io
January 14, 2025
CertifID announced it has acquired Paymints.io, a solution that enables digital money transfers by title companies, law firms, and real estate brokerages.
With the addition of digital payments via its acquisition of Paymints.io, CertifID extends the protection it provides customers in combatting cybercrime and delivering safe closing experiences for clients.
"This acquisition represents more than just a combination of two innovative companies—it's about transforming the transparency and security of how payments are made," said Tyler Adams, CEO and co-Founder of CertifID. "We're creating an unprecedented platform that will secure the movement of Good Funds for our customers at every step of a real estate transaction, from the moment a buyer submits their earnest money deposit until the seller's mortgage is paid off. This is the future of secure real estate transactions."
The combined capabilities of the two companies will provide customers:
- Extended security of each transaction: Customers gain greater control and visibility of the flow of money during a transaction with the ability to directly receive, transfer and disburse funds.
- Extensive payment capabilities: Whether it’s receiving or disbursing funds to home buyers and sellers, paying commissions to real estate brokerages, transferring intra-company funds, managing insurance and municipality escrow payments, and more—the Paymints.io product supports a wide array of use cases to enable efficiency and flexibility, yielding consistently high customer adoption and retention.
- Consumer convenience: Paymints.io provides a white-labeled product to customers, so that title companies and law firms can integrate digital payments into their own client-facing branded resources and workflows.
- Consolidation of tools: The combined platform will integrate capabilities of digital payments for all real estate transaction types, secure sharing of bank credentials, identity verification, mortgage payoff verification, proactive monitoring of fraud markers and risks, insurance that protects customers and a recovery service that has helped return over $80 million in stolen funds.
According to the FBI, $1.9 billion in funds have been stolen from U.S. consumers and businesses in the past decade due to cybercrime in the real estate nexus. CertifID reports that as many as one in 20 home buyers and sellers become victims of fraud during a real estate closing.
"Joining forces with CertifID allows us to accelerate our shared vision of modernizing real estate payments while ensuring unprecedented security,” said Jason Doshi, co-founder and CEO of Paymints.io. “Together, we're creating a new standard for how funds move through real estate transactions – one that combines convenience with security."
Yvonne Deardorff, president and CEO of Lakeside Title Co., added, "The combination of CertifID and Paymints.io will be a game changer for us. We successfully use both technologies today, and we are looking forward to now looking at them as one complete solution. The ability to verify, pay, insure, and mitigate risks from a single vendor further cements CertifID as our most trusted partner to keep our customers' funds safe."
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