Turant

Turant

Open  for investment

About this raise

Turant, with a valuation of $8.5 million, is raising funds on Wefunder. The company has developed a technology that uses voice identification and verification for financial transactions. Turant’s voice-based authentication system will allow anyone to access to the digital economy using voice and will expand into automated digital payments and stock brokerage. The business now has multiple revenue accounts in Asia and has completed successful trials in South America and the US. Anurag Goel founded Turant in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. 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.

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Investment Overview

Committed this round: $226,715

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/11/2024
Close Date
04/30/2025
Min. Goal
$50,000
Max Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,650,000

Valuation Cap

$8,500,000

Discount

20%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Anurag Goel
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$10,000
 Runway
0.2 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-124,326

$-120,073

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,731

$79,431

Accounts Receivable

$43

$0

Total Assets

$3,773

$79,431

Short-Term Debt

$251,190

$202,564

Long-Term Debt

$0

$0

Total Liabilities

$251,190

$202,564

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$127,523
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $8,500,000 $226,715 SAFE Active RegCF
02/15/2023 Wefunder $6,000,000 $128,523 SAFE Funded RegCF
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Growth Charts

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

Employee History

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Add to portfolio
Turant on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $8,500,000

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