Diamante Blockchain
Early Stage
An ecosystem for payments and financing leveraging proprietary blockchain infrastructure
Overview
$383,108 - RegCF
$1,384,083 - Total
$1,384,083 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/25/2021
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Early Bird Val. Cap
$11,000,000
Valuation Cap
$12,500,000
Discount
25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,038
# of Investors
475
Momentum
Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Diamante Blockchain, with a $12.5 million valuation cap, is raising funds on Wefunder. The company is leveraging proprietary blockchain infrastructure for payments and financing. The Diamante Ecosystem consists of Diamante Net, PayCircle, DiamCircle, DIAM, CreditCircle, and Diamante Consortium. Dinesh Patel and Chirag Jetani founded Diamante Blockchain in 2018. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for product development and maintenance, admin and operations, marketing and business development, and accounting expenses. Diamante Blockchain aims to deploy its payments solution by April 2021 and expects to generate revenue of over $100 million by 2025.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-430,605 |
$-632,852 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$45,434 |
$16,639 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$248,098 |
$152,639 |
|
Short-Term Debt |
$1,043,086 |
$602,021 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,043,086 |
$602,021 |
Financials as of: 04/25/2021
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