Diamante Blockchain

Early Stage

An ecosystem for payments and financing leveraging proprietary blockchain infrastructure

Overview

Raised to Date:
$383,108 - RegCF
$1,384,083 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/26/2021

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$11,000,000

Valuation Cap

$12,500,000

Discount

25%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,038

# of Investors

475

Momentum
Funded
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Lenexa, Kansas

Business Type

High Growth

Diamante Blockchain, with a $12.5 million valuation cap, is raising funds on Wefunder. The company is leveraging proprietary blockchain infrastructure for payments and financing. The Diamante Ecosystem consists of Diamante Net, PayCircle, DiamCircle, DIAM, CreditCircle, and Diamante Consortium. Dinesh Patel and Chirag Jetani founded Diamante Blockchain in 2018. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for product development and maintenance, admin and operations, marketing and business development, and accounting expenses. Diamante Blockchain aims to deploy its payments solution by April 2021 and expects to generate revenue of over $100 million by 2025.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-430,605

$-632,852

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45,434

$16,639

Accounts Receivable

$0

$0

Total Assets

$248,098

$152,639

Short-Term Debt

$1,043,086

$602,021

Long-Term Debt

$0

$0

Total Liabilities

$1,043,086

$602,021

Financials as of: 04/26/2021
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Diamante Blockchain on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,500,000

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