Austin-based Closinglock secured a $12 million Series A funding round led by Headline. The company provides fintech and fraud prevention technology for the real estate industry.
Closinglock plans to advance its product offerings and improve security in the face of evolving fraudulent schemes. Its platform allows settlement companies to exchange wire instructions, receive earnest money and cash-to-close payments, validate payoff accounts, verify identities, share documents and collect electronic signatures.
This investment will enable Closinglock to further develop its platform, expand its technology infrastructure and enhance its capabilities in safeguarding and streamlining real estate transactions.
