CIBC Innovation Banking provided $4.5M growth capital facility to Pitchpoint Solutions, Inc., a Toronto, Canada-based provider of fraud prevention services across the US for multiple industries, including mortgage, background and tenant screening, and anti-money laundering.
The company intends to use the funds to continue to grow its business.
Led by Stephen Schrump, Chief Executive Officer, Pitchpoint provides a comprehensive suite of services that enables lenders to detect and mitigate fraud risk early, and ensures compliance with investor guidelines, providing business process compliance across the organization. The company enables creditors to instantly validate loan application data, reducing the risk of approving a fraudulent loan application, and ensuring compliance with mandatory fraud prevention regulations.
FinSMEs
12/03/2021