ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
US-based fintech CertifID has secured $12.5 million in a Series A round led by Arthur Ventures.
Founded in 2017, CertifID is a digital identity and device verification solution used by title companies, law firms, lenders, realtors and home buyers and sellers to prevent wire fraud.
By validating parties’ credentials in a transaction and securely sharing bank details, CertifID safeguards transfers and provides up to $1 million in direct insurance coverage on every wire it protects.
“This investment will enable us to significantly expand our reach as we look to protect every real estate transaction,” says Tyler Adams, CEO and co-founder of CertifID.
The company also plans on hiring and retaining talent with the new cash infusion.
Nigerian fintech start-up Bridgecard has raised $440,000 in a pre-seed round with multiple investors.
Bridgecard merges all cards, bank accounts and fintech wallets into one card and an app, enabling online transactions, bill payments and withdrawal from any linked account in one app.
The fintech firm also provides a physical card that can withdraw cash from any Nigerian or supported international bank account and a dollar card with a $10,000 limit.
Bridgecard says it will use the money to increase the number of bank accounts that can be linked on Bridgecard, expand to support crypto wallets in supported countries, get the product in the hands of more people and solve online and card payment issues better.
The start-up launched recently after concluding a private beta with 120 users and $70,000 in transactions.
Forward, a Thai fintech project operating on blockchain, has raised an undisclosed amount in additional pre-Series A funding from Zipmex Labs.
Forward has previously raised $5 million in pre-Series A funding from GBV Capital, Varys Capital and Thai VC firms such as Primestreet Capital and Ratanakorn Asset Co.
Forward Holdings’ CEO and co-founder, Chanon Jaratsuttikul, says the pre-series A funding round will help in product development and invest in Forward’s community building.
“This investment extends our global network of alliances and connects the centralised and decentralised worlds,” he adds.