ITBiometrics
About this raise
ITBiometrics, with a valuation cap of $20 million, is raising funds on Wefunder. The company has developed the technology to use biometrics for securing financial transactions. The technology allows users to perform financial transactions without passwords and pins by verifying fingerprints using a thermal signature. Howard Prager founded ITBiometrics in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $200,000 and a maximum raise of $1,070,000, will be used for product development, marketing, and manufacturing expenses. ITBiometrics uses a technologically superior and highly encrypted crypto wallet for better safety and security. It is the future of security to prevent fraud and prove a person’s identity.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/23/2021
- Close Date
- 11/11/2021
$200,000
$1,070,000
$250
SAFE
Early Stage
RegCF
$20,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/11/2021 | Wefunder | $20,000,000 | $0 | SAFE | Not Funded | RegCF |