CIBC Innovation Banking Provides Growth Capital Financing to CertifID
02 Avril 2024 - 5:00PM
Business Wire
CIBC Innovation Banking announced today that it has provided
growth financing for wire fraud protection company CertifID, which
will use the financing to further expand its portfolio of wire
fraud prevention services.
Through its portfolio of protection software, insurance and
recovery services, CertifID’s mission is to help stop wire fraud
and keep its clients’ money safe.
“CIBC Innovation Banking is a trusted partner to CertifID in our
journey to protect more customers from wire fraud,” said Tyler
Adams, CEO of CertifID. “Given their proven track record of
supporting technology startups, we look forward to expanding our
business with CIBC Innovation Banking at our side.”
“We are excited to work with CertifID as they enter the next
phase of their growth,” said Jonathan Schupack, Managing Director,
CIBC Innovation Banking. “CertifID is well positioned for further
expansion as it addresses the fraud prevention needs in the real
estate market.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash
management and funding to innovation companies across North
America, the UK, and select European countries at each stage of
their business cycle, from start up to IPO and beyond. With offices
in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo
Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver,
the team has extensive experience and a strong, collaborative
approach that extends across CIBC’s commercial banking, private
banking, wealth management and capital markets businesses.
About CertifID
CertifID is a leader in wire fraud protection. The company
safeguards billions of dollars every month from fraud with advanced
software, insurance, and proven recovery services. Trusted by title
companies, law firms, lenders, realtors, home buyers and sellers,
and others, CertifID provides further peace of mind with up to $1M
in direct coverage on every wire it protects. Learn more at:
www.certifid.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240402881316/en/
Beth McKay, beth.mckay@cibc.com, 416-552-1391
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