The Handheld Biometric ID Wallet offering is now closed and is no longer accepting investments.

Handheld Biometric ID Wallet

Biometric Wallets, Tablets and Purses

Regulation Crowdfunding
Boston, MA
Technology
Accepting International Investment
Play video

Take a Step into the Future

Invest in Security Biometrics Corporation

I began working on this innovation in the early 2000s, specifically after 9/11. I was on the phone with a business associate who was describing to me what was unfolding. I was heartbroken. It was those events that inspired me. 


I have poured my heart and soul into this. It is now come to fruition. My U.S. patent was granted to me in August 2015, and I assigned it to Securities Biometrics Corp in June 2018. 


I am very proud to introduce my dream to the world, the Biometric Wallet! I hope you will enjoy it as much as I have enjoyed making it.

 

Joseph Gangi

Founder

*All product images are computer generated. Product is pre-prototype.

Development Stage

This product is currently still in product development stage, and is pre-prototype.  Funding will be used towards completion of prototype. All product images in this campaign are computer-generated and may deviate significantly from the final product.

The Offering

Investment: Convertible Notes


Note converts to Common Stock when the company raises $1,500,000 in a qualified equity financing

Maturity Date: June 1, 2020

$5,000,000 Valuation Cap

20% Discount Rate

10% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below


Perks

$250-$300 Investment receive a "Biometric Man" (our mascot) t-shirt

$301-$499 Investment receive $50 gift card towards products

$500-$749 Investment receive $100 gift card towards products

$750-$1,000 Investment receive a free designer Biometric Wallet

$1,001-1,500 Investment receive a free pair of designer Biometric Wallets


*All perks occur after the offering is completed.

Our goal is to create biometric products that provide for a safer environment for your identity and financial needs.

Our Mission

*All product images are computer generated, product is pre-prototype

Security Biometrics Corporation is a product design company headquartered in Boston, Massachusetts. The main goal for the company, and the reason for the formation of the company, is to develop and distribute consumer products aimed at identity protection and financial record protection. The company is researching manufacturing businesses to find a suitable partner to manufacture the first ever product, named the biometric wallet. The company was founded by Mr. Joseph Gangi, whose background in telecom, internet technology, cellular industry, and payment processing have created a strong foundation on which to build the company.


The initial market of potential customers includes those between the ages of 18 and 35 who are looking for a safe and effective way to biometrically secure their vital information. Additional markets include young and mid-career professionals earning over $50,000 per year, as well as domestic and international travelers.

The marketing strategy of the company includes reaching out to these customers in a variety of ways, such as promotions, social media advertising, and search engine optimization. 


The company is seeking a $2-million investment to cover prototype development, inventory, and pre-revenue marketing expenses. Owner Joseph Gangi has already utilized over $240,000 of his own funds on the company and the invention.

*All product images are computer generated, product is pre-prototype

Keys to Success

Reliablility – Our goal is to make sure the technology used in the biometric wallet will be fully tested and reliable, so that it works consistently when a consumer attempts to access the device.
 
Easy to Use – We will focus on making the device intuitive and easy to use for customers.  
 
High Quality – We plan to use a quality material that feels high quality and secure while providing a high-end feel.


Planned Features of the Biometric Wallet

  1. Store all of your personal credit cards and bank cards and use one slim card to access them.

  2. Upload and protect all Identification Cards Driver’s License, Government VA cards, ID Cards, Passports and more.

  3. Own your own lifetime stored health records and Doctors access and 911 Emergency

  4. Send money to another person with a couple finger swipes with Bio-Pay

  5. Locate your lost wallet with the ease of GPS tracking

  6. Wi-Fi enabled and 4G Wireless network

  7. Access to special exclusive Biometric Wallet Merchant Mall offers and promotions 

  8. Convenient access to all of your personal data and more 

  9. Multi-layered Biometric Cloud Security

  10. NO PERSONAL DATA STORED IN THE CLOUD

  11. Comfortably fits in the palm of your hand

Biometric Wallet

*All product images are computer generated. Product is pre-prototype.

User Screens

Main Menu Screen

Contains 5 labeled tabs that will navigate you through the Biometric Wallet. Protect your valuable information behind your personal biometrics. By imprinting your biometrics to your device, you gain instant access to your wallet functions.


Driving License Screen

Upload all your government IDs such as your drivers license, passport, state ID, or any form of ID you wish to secure. Current lobbying is ongoing for state, federal, and global


Health & 911 Screen

This is a multi-functional sector. Have your doctor transfer data to maintain lifelong health history. In an emergency, your life saving information is rapidly accessible to medical authorities.

Banking & Credit Card Screen

Simply enter your various major credit or debit cards, input that information from each card, lock it in, and protect via your biometrics.
Select any card to become the slim card.


Bio Pay Screen

Similar to current person-to-person electronic monetary funds transfers, same as other "electronic wallets". HOWEVER, this is protected through your biometric signature.


Merchant Mall Screen

Scroll through the Merchant Mall often to take advantage of discounts, specials, and promotions exclusive to the Biometric Wallet.

*All product images are computer generated, product is pre-prototype

A Paradigm Shift in Technology

What is the biometric wallet? The plan for the biometric wallet is to be a secure handheld electronic device with a visual color touchscreen, a full operational menu and simple user buttons. We plan to have a biometrically protected identification section that replaces the paper driver’s license and passports with biometric secure ID, which is intended to negate misuse of the device since the device is linked to you exclusively via fingerprint and/or other available biometric means. 


Next, we plan on having a health section where a doctor can link in your lifetime health history, medications, etc.  In the case of medical emergency, this would allow authorized personnel to quickly access your medical emergency information at a glance.

The biometric wallet also has a banking section planned where we plan to include the ability to control several different aspects of finances.  Our goal is to make approving banking and credit card transactions as easy as writing a check. It will be like you’re buying a gift card that you have approved with your biometric signature. This is all planned to be through the protection of the multi-layered biometric security network. Transferring money between individuals or making purchases can be as simple as giving the receiver the authorization code that you approved for the exact amount of money. 


In case you misplace or lose your device, we plan on having a GPS global tracking network that makes it easy to retrieve. We plan to offer the biometric wallet device as a standalone unit or as a snap-on backpack to your cell phone. Our video is intended to demonstrate some of the quick access and abilities the biometric wallet is planned to have.

Invest in Security Biometrics Corporation Today!

The company plans to design a biometric wallet as it's initial product.  The patent for the biometric wallet was granted to company Founder Joseph Gangi in 2015 and was assigned it to Security Biometrics Corp in June 2018. The biometric wallet will be a secure digital device for the digital storage of paper identification documents like drivers licenses and passports, credit card and banking information, and personal medical records.  

 

We plan to make the wallet a convenient size that can easily be placed in the pocket, purse, briefcase, or backpack of the consumer. The front of the device will be a color touch screen with easy to understand menus. When the consumer receives the biometric wallet, they will need to register the device by connecting it to a Wi-Fi or cellular connection. The consumer will then register the device through the electronic serial number and the consumer’s own biometric signature. Once this step is complete, the device will only be accessible by the consumer, except for emergency situations where health or other records are required, in which only those records can be obtained.

When the biometric wallet has been registered, the owner can then begin uploading documents and information for secure storage. First, the owner will be able to add government documents like a drivers license and a passport. To enhance this option, we plan to allow the user to present the biometric wallet at a government office and have these forms of identification officially verified, meaning the owner could then use the biometric wallet as an official form of identification while traveling. Next, we plan to allow the owner to upload financial information to the biometric wallet, including debit cards, credit cards, and account numbers. Once these items are added, the owner would need to biometrically approve transactions at point-of-sale locations. The goal of this is to protect the consumer’s financial interests and decrease opportunities for the theft of credit or account information. Third, the user will be able to upload their medical history to the device. This can include drug or food allergies and also health history as reported by a physician.  The goal then, is for this information to be made easily accessible by medical professionals in the event of an emergency where the owner is unresponsive or unable to communicate and unlock the biometric wallet.

We also plan on the biometric wallet having the SBC patented feature of bio pay.  This patent was issued in 2015 to Founder Joseph Gangi and assigned to the Company in June 2018, but the product is still in development. Consumers can relate this feature to other popular payment programs like Apple Pay and Google Wallet. However, with bio pay we plan to differentiate using the patented features that would require a biometric signature to approve a transaction rather than approval through a cell phone or internet. Finally, the biometric wallet is planned to be GPS enabled. This feature should allow a user to easily track the device if it is misplaced or stolen, and increase the likelihood of recovering the device.

 

The biometric wallet is intended to provide immediate security and peace of mind to owners of the product. To our knowledge, no other product currently on the market offers the combination of biometric identification, secure identification, financial information, and health record management. Our device, as shown in early product renderings, is planned to include a full color touch screen that allows users to easily navigate from one section to another. We plan to make the biometric wallet similar in size to a regular wallet, and it will also contain a compartment to physically store cards and personal identification. Several colors and finishes will be available once production begins.

 

SBC is in currently engaged in discussions with manufacturers in the US and worldwide evaluating potential partnership for use of our technology in other products, such as a biometric purse or tablet. We believe that pursuing this relationship in China could help the company establish a manufacturing partner for the biometric wallet and future SBC products.  

*All product images are computer generated. Product is pre-prototype.

Offering Summary


INVESTMENT OPPORTUNITY

Convertible Notes

Note converts to Common Stock when the company raises $1,500,000 in a qualified equity financing

Maturity Date: July 1, 2020

$5,000,000 Valuation Cap

20% Discount Rate

10% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below


Maximum $107,000 of Convertible  Notes

Minimum $10,000 of Convertible Notes


What is a Convertible Note?

A convertible note offers you the right to receive shares of Common Stock in Security Biometrics Corporation. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $1,500,000 in qualified equity financing. The highest conversion price per share is set based on a $5,000,000 Valuation Cap or if less, then you will receive a 20% discount on the price the new investors are purchasing.  You also receive 10% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive your investment and interest back from the company.


Company
Security Biometrics Corporation 
 

Corporate Address
8 Faneuil Hall North Marketplace 3rd FL. Boston, Massachusetts 02109
 

Description of Business
Manufacturer Of Biometric Products / Home of the Biometric Wallet Device
 

Type of Security Offered
Convertible Notes
 
Minimum Investment Amount (per investor) 
$250.00










Perks

$250-$300 Investment receive a cube purse, key chain tracker 

$301-$499 Investment receive $50 gift card towards products   

$500-$749 Investment receive $100 gift card towards products 

$750-$1,000 Investment receive a free designer Biometric Wallet   

$1,001-1,500 Investment receive a free pair of designer Biometric Wallets   


*All perks occur after the offering is completed.


The 10% Bonus for StartEngine Shareholders


Security Biometrics Corporation will offer a 10% bonus on the annual interest rate for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date.  For example, if invest in the first 24 hours, your annual interest rate will be 11% instead of 10%.   

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include additional equity funding efforts but are not limited to the Start Engine platform as others are being considered if we need to obtain additional funding

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$15.00 USD
$0.00 USD
Cash And Cash Equivalents
$15.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$16,611.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Follow Handheld Biometric ID Wallet to get notified of future updates!

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}