Redesigning Digital Documents Through the Blockchain
TransCrypts is a tool for human resource departments to automate the issuance of employment and income verification documents. The way our platform works is on a monthly basis we create blockchain based employment and income verification forms and give them directly to the employee. Our platform benefits our HR clientele by saving them time and headache in dealing with the compliance of these verification documents. By giving the employee ownership over their employment and income information we are helping to create a world where data as a whole is democratized. A world where you...
- Security Type
- Min Investment
- Offering Date
- July 28, 2021
- Expected Close Date
- April 30, 2022
- Security Price
Use of Proceeds
- ($50,000) With this amount fundraised we can get our SOC 2 security certification (20% of the funds). SOC 2 certification is an industry standard needed to do business with most companies. 30% of the funds will be used to ramp up our marketing and sales. 10% will be reserved for the development of new features. 32.5% will be kept for administrative costs, day to day expenditure, and as a safety cushion to account for unforeseen expenditure, 7.5% Wefunder fee
- ($1,070,000) 7.5% fee for Wefunder, 2.5% fundraising expenditure(ad spend, travel to meet investors, etc), 30% developmental cost, 10% administrative costs, with the rest of the 50% reserved to propel future growth ie marketing expenses, and growing our team.
Zain founded TransCrypts as a senior electrical engineering student with the goal of addressing the inefficiencies in the background check process.
Ali Zaheer, Founder & CTO
Ali has been a blockchain developer for the past 7 years. In 2015 he launched his blockchain consultancy firm which worked with organizations like the Ethereum Foundation and the Royal Bank of Canada. His firm was later acquired by Teller
Ahmed Banafa, Blockchain Strategic
AdvisorAs a professor at Stanford University, Ahmed is one of the pioneers of blockchain technology. He is an award winning researcher with over 100 publications, who has also been a featured tech speaker on ABC, NBC, CBS, CNN, FOX,& the BBC
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