Notarize (company)

Notarize is a Boston, Massachusetts-based company that provides online notarization and e-signature services.[1] Documents are notarized online, using a remote notary and a video camera.[1]

This article is about the online notary company. For a description of notarization services, see Notarize.
Notarize
TypePrivate
IndustryNotary, Software
Founded2015
FoundersPat Kinsel, Adam Pase
HeadquartersBoston, Massachusetts
Key people
Pat Kinsel, CEO
ProductsOnline notarization services, E-signatures
Websitenotarize.com

The company was founded in 2015.[2]

History

Notarize was founded in 2015 in Arlington, Virginia by Pat Kinsel and Adam Pase.[2] Kinsel was inspired to start Notarize when he had difficulty notarizing documents.[3]

In February 2016, the company launched its smartphone app on iTunes, integrating live video with computer imaging technology and a software-based forensic analysis for user identification.[4]

By June 2017, the company had reportedly done 10,000 notarizations worldwide.[5] In July, the company completed the United State's first online mortgage closing, with United Wholesale Mortgage and Freddie Mac.[1]

In October 2019, the company partnered with online startup Trust & Will to create fully digital online wills and trust documents in Nevada and Indiana.[6]

By March 2020, the company reported that it was expecting to notarize $100 Billion in transactions, up from $10 Billion in 2019.[7] In October, Notarize signed a deal with document management company Adobe to integrate Notarize’s remote online notarization (RON) capability into the Adobe Sign e-signature platform.[8] In November, Notarize's online notary video service was used by Pennsylvania postal worker Richard Hopkins for a sworn affidavit alleging voter fraud, a claim that was later recanted.[9] In December, Fortune reported that the company would make a good acquisition target, due to a 2020 trend of acquisitions of companies that allow contracts to be completed over the cloud using computers.[10]

Services

Notarize offers notary services thorough an app and web site that sets up a secure video chat with a licensed notary public. The app includes computer imaging technology and a software-based forensic analysis to authenticate the user's identity.[4] Customers upload the document they need notarized, allowing the customer and notary to see the document being notarized.[11] Notarize's platform requires consumers to pass an identity verification process in compliance with the notary’s state law.[6]

Operations

Notarize is based in Boston, Massachusetts.

References
  1. "Mortgage Closings Just Took a Big Step Into the Digital Age". The Wall Street Journal. 2017-08-09. Retrieved 2020-10-18.
  2. "This N.Va. start-up wants bring public notaries into the mobile economy". The Washington Post. 2016-02-04. Retrieved 2020-10-18.
  3. "Notarize Wants To Turn Your iPhone Into A Notary". Fortune. 2016-06-13. Retrieved 2020-10-02.(subscription required)
  4. "Need a Document Notarized? There's an App for That". Entrepreneur. 2016-02-04. Retrieved 2020-11-23.
  5. "Notaries Are Starting To Put Down The Stamp And Pick Up A Webcam". NPR. 2017-06-12. Retrieved 2020-10-18.
  6. "A Will Without Ink and Paper". NY Times. 2018-10-19. Retrieved 2020-10-19.
  7. "Coronavirus Forcing Home Buyers to Scramble to Close Deals". Wall Street Journal. 2020-03-21. Retrieved 2020-10-19.
  8. "Notarize inks major deal with tech giant Adobe". Finledger. 2020-10-15. Retrieved 2020-10-19.
  9. "Video shows 'USPS whistleblower' was not alone when swearing to affidavit alleging mail-in ballot fraud". Business Insider. 2020-11-15. Retrieved 2020-11-17.
  10. "5 software acquisitions Salesforce's Slack deal could spur". Fortune. 2020-12-04. Retrieved 2020-12-07.
  11. "The Startup That Could Save You From One Very Boring and Time-Consuming Task". Inc. 2016-02-04. Retrieved 2020-10-07.
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