HomeUSAClosinglock Raises $34M in Series B Funding

Closinglock Raises $34M in Series B Funding

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Closinglock

Closinglock, an Austin, TX-based fintech and fraud prevention technology provider, raised $34M in Series B funding.

The round was led by Sageview Capital and supported by Headline and RWT Horizons.

The company intends to use the funds to expand its use cases, particularly as the fraudulent use of artificial intelligence and deepfake content proliferates.

Led by CEO Andy White, Closinglock provides fraud prevention technology to the real estate industry, modernizing transactions through its platform. With it, settlement companies can exchange wire instructions, receive earnest money and cash-to-close payments, validate payoff accounts, verify identities, share documents and collect eSignatures.

To date, Closinglock has protected more than 1 million home sales worth over $500 billion, and the company’s Good Funds Payments tool has facilitated the secure transfer of more than $600 million in payments.

FinSMEs

31/01/2025

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