Diamante Blockchain

An ecosystem for payments and financing leveraging proprietary blockchain infrastructure

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Security Type
Debt
Categories
Technology, Financial Services
Min Investment
$100
Location
Lenexa, KS
Offering Date
April 26, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$1.07M
No. Investors
490
Security Price
$1
Deal Notes

An ecosystem for payments and financing leveraging proprietary blockchain infrastructure

Website
diamanteblockchain.com
Number of Employees
17
Cash
$45,434
Revenue
$0
Short Term Debt
$1,043,086
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-430,605

Company Description

Proprietary technology infrastructure with the ability to process 100 million+ transactions per day
A unique combination of diamond industry experience and technical solution that solves real problems
User consortium of over 400 diamond industry participants representing $82 billion of potential revenue
PayCircle is live in the beta version for market review and feedback
Aiming to deploy NFT marketplace, tentatively by January 2022
Projected revenue from PayCircle, approximately $100 million+ by 2025 (not guarnateed)

Key Deal Facts

Proprietary technology infrastructure with the ability to process 100 million+ transactions per day
A unique combination of diamond industry experience and technical solution that solves real problems
User consortium of over 400 diamond industry participants representing $82 billion of potential revenue
PayCircle Proof of Concept (POC) deployed with 10 corporate heavyweights
Aiming to deploy payments solution, PayCircle, tentatively by April 2021
Projected revenue from PayCircle, approximately $100 million+ by 2025 (not guaranteed)

Use of Proceeds

  • $50,000- 52.5% towards product development and maintenance, 20% towards marketing and business development, 18% towards admin and operations, 7.5% towards Wefunder fees, 2% contingency
  • $1,070,000 - 34% towards product development and maintenance, 23% towards admin and operations, 16% towards marketing and business development, 17.5% towards accounting legal & compliance, 7.5% towards Wefunder fees, 2% contingency

Management Team / Advisory Board Bios

Dinesh Patel, CEO & Co-Founder
Family in the global diamond business for 3 generations *25+ years experience as a diamond trader in key market centers, including Mumbai, Surat (India), Israel, Belgium, and the USA *3X Founder and Managing Director at Honey Star Inc

Chirag Jetani, COO & Co-Founder
Trained engineer and blockchain enthusiast with over a decade of experience running a multi-generational diamond business in Belgium, India, and Hong Kong

Samuel ProctorChief Regulatory Advisor
CEO, Genesis Block - A digital asset advisory and financial services platform

Deal Notes

An ecosystem for payments and financing leveraging proprietary blockchain infrastructure

Amount Raised : $1,383,344
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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