Lowenstein Sandler represented JAM FINTOP Blockchain, LP as co-lead investor in its $7 million Series Seed financing of Onramp Invest, a digital asset platform for financial professionals that helps to smartly and safely provide crypto investment services to their clients. EJF Capital LLC co-led this series seed and financing also included participation from its affiliate, the EJF Silvergate Ventures Fund.
Onramp Invest offers an unmatched suite of tools and services on an easy-to-use, fully-integrated platform where financial professionals can onboard clients in under five minutes; open discretionary accounts across multiple custodians; invest in and track a wide variety of digital assets; access an expanding library of model portfolios, indices, and automated services; plus other benefits.
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 deal team includes Anthony O. Pergola, Scott H. Moss, Darren Goodman, Brian A. Silikovitz, Sophia Mokotoff, Judith G. Rubin, Bryan Sterba, Juan B. Soto, Latoya Bethune, Storme Mckop, 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.