Transcrypts

Early Stage

Redesigning Digital Documents Through the Blockchain

Analytics

Raised to Date: Raised: $90,361

Aggregate Commitments $

Platform

StartEngine

Start Date

11/01/2021

Close Date

04/27/2022

Min. Goal

$10,000

Max. Goal

$966,705

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$10,024,500

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

150

% of Min. Goal

904%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,347

Momentum
warm.svg
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Location

Newark, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

TransCrypts, with a valuation cap of $10 million, is raising funds on Wefunder. The company has developed a platform that uses blockchain to help human resource departments issue employment and income verification documents. The platform works on a monthly basis and creates blockchain-based employment and income verification forms. TransCrypts is currently beta testing with over 30 companies, including Zoom and Spirit Airlines. Zain Zaidi and Ali Zaheer founded TransCrypts in September 2020. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $966,704.97. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-252

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$1,154

$0

Short-Term Debt

$1,398

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,398

$0

Financials as of: 11/01/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Transcrypts 04/27/2022 StartEngine $10,024,500 $90,361 Equity - Common Active RegCF
Transcrypts 09/24/2021 Wefunder $8,000,000 $123,294 SAFE Funded RegCF
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TransCrypts on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,024,500
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Follow TransCrypts on StartEngine 2021