Online notary service Notarize has tapped into a potential market of $30 billion because its founders have realized the need to simplify and streamline the notarization process. An app-based startup, Notarize allows customers to verify documents digitally on their app with the help of Virginia e-notaries, thus eliminating the need to meet up with a notary public in person.
Notarize charges customers $25 per document notarized, which is comparable to the cost of a traveling public notary, and it is available to consumers across the US. The 24/7 app gives users the platform to verify documents safely and securely, as agents validate photo ID’s and store the documents for up to five years. Notarize hopes to tap into this need to potentially become a $100 million business.