Turant

Early Stage
Instant transactions using highly accurate voice identification & verification
Overview
Raised: $128,523
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2023
Days Remaining
Funded
% of Min. Goal
257%
% of Max. Goal
10%
Likelihood of Max
Funded
Avg. Daily Raise
$1,201
# of Investors
75
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Turant, with a valuation of $6 million, is raising funds on Wefunder. The company has developed the technology to use voice for financial transactions. The voice-based authentication system of Turant will allow access to the digital economy to anyone using voice and will expand into automated digital payments and stock brokerage. Turant is in trials in over 30 customer opportunities and four partners. Anurag Goel founded Turant in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product hardening, making the product scalable, sales and marketing, regulatory filing, patent filing, ongoing R&D, and accounting fees.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-3,708 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$6,385 |
$0 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$6,385 |
$0 |
Short-Term Debt |
$10,093 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$10,093 |
$0 |
Financials as of: 10/31/2022
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