Turant

Turant

Early Stage

Instant transactions using highly accurate voice identification & verification

Instant transactions using highly accurate voice identification & verification

Overview

Raised to Date: Raised: $187,100

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/10/2024

Close Date

06/06/2024

Min. Goal
$50,000
Max. Goal
$124,000
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%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

52

% of Min. Goal

374%

% of Max. Goal

151%

Likelihood of Max
exceeded
Avg. Daily Raise

$5,197

# of Investors

11

Momentum
hot.svg
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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 $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.

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

$0

$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

Financials as of: 03/10/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Turant 06/06/2024 Wefunder $8,500,000 $187,100 SAFE Active RegCF
Turant 02/14/2023 Wefunder $6,000,000 $128,523 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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

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