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Wire fraud protection firm CertifID has acquired digital money transfer firm Paymints.io, according an announcement on Tuesday. The financial terms of the deal were not disclosed.
Paymints.io is frequently used by title companies, law firms and real estate brokerages to transfer funds between parties in a real estate transaction. The company provides a white-labeled digital payment platform to customers, allowing title companies and law firms to integrate digital payments into their own client-facing branded resources and workflows.
Through its acquisition of Paymints.io, CertifID extends the protection it provides customers against cybercrime to the world of digital payments.
“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,” Tyler Adams, the CEO and co-founder of CertifID, said in a statement.
“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.”
Jason Doshi, CEO and co-founder of Paymints.io, said the deal will allow his company to accelerate its vision of modernizing real estate payments.
“Together, we’re creating a new standard for how funds move through real estate transactions — one that combines convenience with security,” Doshi said in a statement.
According to the announcement, Paymints.io customers can continue using the existing product while features are integrated into the CertifID platform.
