New York, NY (PRWEB) May 27, 2014
NotaryAct, the leading electronic notary journal platform used by notaries to protect against the increased scrutiny placed on the notary profession, today announced that it closed on a Series A round of funding from Barry Rubenstein, the Managing Partner of Wheatley Partners, a $300MM venture capital fund specializing in emerging technologies. This new investment will allow NotaryAct to increase the availability of its solution to the nation’s 4.3 million registered notaries and further advance the NotaryAct technology.
Lee Bialostok, Esq, Chief Executive Officer and Founder of NotaryAct launched the company in 2012 to address the challenges faced by notaries in the aftermath of the robo-signing mortgage foreclosure scandal. In the US, over one billion documents are notarized annually, which is creating ever-increasing financial risk for notaries and the companies employing these services. Today, NotaryAct offers a secure electronic journal solution which complies with the most stringent regulations confronting notaries who are frustrated with obsolete paper journals and non-compliant mobile apps.
“After two years of intensive development, we are excited to have investors with a long-term commitment to help us bring NotaryAct to the 4.3 million registered notaries in the US,” said Mr. Bialostok. “Luminaries in the notary community and legislators have been hailing NotaryAct as the new best practice, making paper journaling obsolete.”
“NotaryAct represents the new standard in risk mitigation for notaries,” said Barry Rubenstein. “It is a differentiated solution that is needed now more than ever. We are committed to the mission that Lee has pursued with great passion – providing notaries with the right technology so that they may practice their profession without concern.”
NotaryAct is a secure, easy-to-use, next-generation electronic journal that utilizes smartphone and web-based technologies to ensure compliance with emerging federal, state and financial industry requirements in the wake of this greater scrutiny placed on notaries and their employers.
Any notary with a smartphone, iPad or tablet can utilize NotaryAct. Apple and Android compatible versions are now available in the App Store and Google Play respectively along with live Notary and Enterprise Portals on the web. NotaryAct has filed a patent application and registered trademark and copyrights were issued in 2013.
For more information, please visit http://www.NotaryAct.com.
To learn more, please contact:
Lee Bialostok, Esq. CEO & Founder
10 East 40th Street – 46th Floor
New York, NY 10016
Office: (212) 726 4433
Fax: (212) 889 9401