Turant

Turant

Early Stage

Instant transactions using highly accurate voice identification & verification

Instant transactions using highly accurate voice identification & verification

Overview

Raised this Round: Raised: $128,523

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/30/2022

Close Date

02/15/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

20%

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Saratoga, California

Business Type

Growth

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: 10/30/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Turant 11/29/2024 Wefunder $8,500,000 $191,500 SAFE Active RegCF
Turant 02/14/2023 Wefunder $6,000,000 $128,523 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Turant on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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