Lowenstein represented JAM FINTOP as lead in a $3 million funding round in Anonybit, an innovator in decentralized biometric authentication and data protection with participation from Connecticut Innovations and 4S Bay Partners, among others. This investment will accelerate Anonybit's mission to provide privacy-by-design identity management solutions to enterprises that are looking for new ways to authenticate users in order to avoid account takeover attacks and data breaches.
Anonybit's patent-pending technology enables the distributed storage and processing of biometrics and other personal data. The company's flagship product, the Anonybit Genie, unifies the identity lifecycle, connecting digital onboarding to authentication and account recovery through the use of decentralized biometrics along the user journey. This innovative approach can prevent synthetic identity fraud and account takeovers, supporting a wide range of enterprise use cases.
JAM FINTOP brings together bank experts and seasoned fintech entrepreneurs to invest in companies changing the way financial institutions and their customers move, track, and interact with money. JAM has a 27-year history investing in public and private community banks, and FINTOP Capital is a leading fintech investor with over 140 years of collective experience. JAM FINTOP manages two venture capital funds in which most of the investors are regulated financial institutions.
The Lowenstein team included Anthony O. Pergola, Laura Cicirelli, Claire Dronzek, Lisa A. Harvey, and Eric Sands.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
