TransitNet

TransitNet brings title to crypto

Analytics

Raised to Date: $1,382,486

Aggregate Commitments $
Platform

Wefunder

Start Date

02/04/2021

Close Date

05/01/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

10%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

8

% of Min. Goal

2,765%

% of Max. Goal

129%

Likelihood of Max
exceeded
Avg. Daily Raise

$18,191

# of Investors

1,694

Momentum
hot
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Location

Manhattan Beach, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

TransitNet, with a $6 million valuation cap, is raising funds on Wefunder. The company aims to provide titles to cryptocurrencies so that they become safe and can be used as collateral for loans. TransitNet is creating a title registry to confirm ownership of digital currencies in the crypto wallets. Eric Jackson and Christopher Grey founded TransitNet in January 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for product development, software and servers, and marketing and sales. TransitNet is led by an experienced team and plans to help crypto reach its full potential.
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