# DIAMANTE BLOCKCHAIN A DeFi ecosystem for payments and financing leveraging proprietary blockchain infrastructure ## Elevator pitch Diamante leverages a proprietary blockchain infrastructure and digital asset ecosystem to create transformative solutions for wholesale payments, remittances and trade finance. - Canonical URL: https://wefunder.com/diamante - Entity ID: wefunder:company:53732 - Last updated: 2026-06-22T05:03:05Z - Generated at: 2026-06-22T20:21:28Z ## Quick 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 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) ## Active fundraises - wefunder:fundraise:29675: 4(a)(6) successful (USD) - wefunder:fundraise:36111: 4(a)(6) successful (USD) ## Story Dinesh Patel and Chirag Jetani both come from families who lived and breathed gems and jewelry business for generations. They’ve experienced firsthand how antiquated technology, manual processes, and lack of information make global trade more challenging and costly.Problem StatementThe Diamante SolutionCreating a dedicated ecosystem for payments and financing by establishing concrete trust and ensuring full security in trade and transactions by leveraging proprietary blockchain infrastructure.The Diamante EcosystemProprietary blockchain network - ​Diamante NetDeFi payments application - ​PayCircleBlockchain application - ​DiamCircleNative digital asset on Diamante Net (Utility Coin) - ​DIAMDeFi credit application - ​CreditCircleConsortium of luxury goods and service industry stakeholders - ​Diamante ConsortiumTarget MarketDiamante Net Diamante Net is Diamante’s proprietary blockchain network that facilitates real-time value transfer across the Diamante ecosystem. PayCircle - DeFi Payment Application  PayCircle is a DeFi payments solution built for global businesses and individuals. PayCircle allows users to hold and transfer a variety of fiat and digital assets globally, anytime, anywhere.PayCircle ProjectionsPayCircle is estimated to acquire more than three million users in the next five years and generate +$100 million in revenue by 2025. These projections cannot be guaranteed.How Will the Funds be Utilized?How Will You Make Money?We will earn revenue by charging a fee on businesses and individuals' payments on the PayCircle platform. Our fees will be 50% lower than those charged by banks.CreditCircle, our proprietary credit solution, will generate revenue from two primary sources. In the first instance, we will earn interest revenue on credit that we provide directly to consortium members. Secondly, traditional lenders and credit providers will be able to access the platform by paying a fee to Diamante, which will, in turn, allow the banks to connect with potential borrowers directly. PayCircle allows free deposits of funds and assets. The user has to pay a negligible fee while conducting transfer transactions and a withdrawal fee while processing a withdrawal.Who are our Competitors?Diamante delivers value across a number of metrics, in ways that other payment solutions currently do not: DIAMANTE CONSORTIUM AND INDUSTRY ADOPTIONParticipation in the Diamante ecosystem is anchored by the Diamante Consortium, a premier group of market participants in the diamond and luxury goods supply chains who leverage the Diamante suite of products and services to operate their businesses more efficiently and effectively.Industry SupportDiamante has successfully conducted a proof of concept (POC) of PayCircle, its DeFi payments application with Diamond, Textile, Oil, and Pharmaceutical giants.RoadmapDiamante featured on Advancements hosted by Ted Danson on CNBC ## FAQ 1. **At what Valuation this Raise is ? How much company raised before this round and how much is invested by founders ? Thank You** - Hi Sanjay, The SAFE terms are: Pre-money Valuation Cap of $12,500,000.00 and a Discount Rate of 75%. The company has raised $900k in previous funding rounds, which was a combination of founders capital and early stage investors. We appreciate your interest and please do let us know if you have any further questions. 2. **Hi Diamante Team, I love all that I have read so far. But why is there no "DETAILS" tab (provides financial information) like other startups listed on Wefunder? Also, what are the terms offered under SAFE for this raise? Thank you! -John Hwung** - Hi John, Thanks a lot for reaching out. We have not officially started the campaign yet. Our campaign will go live for private investors in next 48-72 hours after which you would be able to see the financial information similar to other startups listed on the Wefunder. The SAFE terms are: Pre-money Valuation Cap of $12,500,000.00 and a Discount Rate of 75%. We would like to thank you for your interest and please do let us know if you have any further questions. 3. **Hi Diamante Team, thank you for the replies to my questions! Regarding your competitors: It was very wonderful that you provided the table COMPETITIVE LANDSCAPE in the "Who Are Our Competitors?" section. It shows that PayCircle clearly has big advantages. However, in an articl...** - Hi John, Thanks a lot for your kind words. There have been several initiatives by Diamond Mining & Jewelery companies to build out blockchain powered provenance. We at Diamante are more into payments and financing which will help initiatives like Tracr (De Beers) and many other to integrate payment and financing services to their platforms. To summarize we see this more of an opportunity than a direct competition. Thanks a lot once again for your interest and please feel free to address a... 4. **Hi Diamante Team, do you have your own infrastructure or are you running on a public cloud such as AWS or some others? If you are on a public cloud, what further security have you built on top of it to provide cyber resilience? Thank you! -John Hwung** - Diamante Infrastructure is hosted on AWS dedicated VPC server only accessible by VPN. Other security features implemented are as follows: 1. Port hardening managed by custom security group 2. nX Firewall 3. Load Balancer with auto scaling We are constantly upgrading our security protocols with White Hat Hackers and other Security Platforms. Our digital security systems ensure that all the transactions have absolute digital security from source to settlement. The Two Factor Authentications and... 5. **Hi Diamante Team, thank you for answering all my previous questions! I am almost ready to invest. I have one additional question: Without revealing details, just at a high level, can you share with me the basis or rational behind your PayCircle projection in EBITDA from 2021 t...** - Certainly John. At a high level, our projections are driven by the belief that we can achieve significant and sustained growth in our user base by (i) focusing on key geographies and markets where we have pre-existing competitive advantage / superior market knowledge (the Indian diamond payments ecosystem is one example) and (ii) using our digital asset ecosystem to drive faster and more expansive customer/user acquisition. In this regard, a core element of our go-to-market strategy is to exp... ## Team - Dinesh Patel (CEO & Co-Founder) - Chirag Jetani (COO & Co-Founder) - Samuel Proctor (Chief Regulatory Advisor) - Erik Jens (Chief Financial Advisor) - Raj Chowdhury (Chief Technology Officer) - Prasanna Lohar (Chief Innovation Advisor) - Lalit Choudhary (Chief Marketing Officer) ## Q&A - Q: Any new updates - Q: Based on Diamante's linkedin, it seems like there is a bunch going on. It would be good to get an update for investors here on Wefunder. - A: We have recently shared and update on Wefunder and for regular updates please follow our socials: x.com/diamante_io - Q: What are the latest developments with the company and roll out of products? - A: Hi! Kirtson, Thanks a lot for reaching out. PayCircle has recently completed the compliance and certification process with our financial services partners. We will soon announce the roll out of application post the completion of soft launch. We would welcome you to join us during the soft launch of PayCircle, if you are interested please do let us know and we will start your onboarding procedure. Regards, Chirag Jetani - Q: What is your exit strategy? There are a lot of existing and new crypto/companies coming out each day talking about defi payment etc etc, however none of them had gone public as far as I'm aware? How do you assure the Wefunder investors that there will be an exit? - A: Hi! Tuan, We are first and foremost focused on making the Diamante Blockchain ecosystem as successful as possible and increasing the value of our investors’ shares. As the company grows and becomes more successful, there may arise strategic M&A opportunities or opportunities for a going-public transaction of some form that would provide investors with liquidity; however, as you note, this is a young industry and the right opportunity may not arise for some time. That being said, the management team understands the importance of providing liquidity to its investors and intends to explore any viable opportunities that appear to be in the company’s best interests. Furthermore, in the short-term, there may be opportunities for investors to find liquidity by taking advantage of alternative trading systems (ATS). Regards Chirag Jetani - Q: Any financial or valuation updates? Exit in sight? Conversion of SAFE? - Q: You all fumbled distributing the diam coin, and now that it is live only on unknown networks, we early investors have no way to get rid of them. - A: Hi, Adam, we understand your concerns. To assist you better, please provide specific details about your query and what exactly you are looking for. Kindly share your concerns at usa@diamanteblockchain.com, and our team will review. Looking forward to your response. Thanks - Q: Do you have an ETA for DIAM coin distributions? Last update said April 2024 - A: We have already started the Airdrop. Please refer to our email sent to all the Diamante community of Wefunder. - Q: Any updates - A: Dear George, Here is the link to our latest updates: https://wefunder.com/updates/161971-exciting-updates-and-milestones-achieved Thanks. - A: Dear George, Here is the link to our latest updates: https://wefunder.com/updates/161971-exciting-updates-and-milestones-achieved Thanks. - Q: What kind of blockchain is it? Proof of work? Proof of stake? how do you achieve such high TPS? - A: Hi! Robert, Thanks a lot for reaching out. Diamante Net follows FBA consensus mechanism similar to Stellar and Ripple. For more information please visit our white paper: https://diamanteblockchain.com/insights/ Regards, Chirag Jetani - Q: Do you have any updates? - A: Hi! Fernando, Thanks a lot for reaching out and apologies for a delayed response. PayCircle has recently completed the compliance and certification process with our financial services partners. We will soon announce the roll out of application post the completion of soft launch. We would welcome you to join us during the soft launch of PayCircle, if you are interested please do let us know and we will start your onboarding procedure. Regards, Chirag Jetani - Q: Where do you put your level of security for PayCircle, DIAM and the rest of the product portfolio? How is the data protected (if you can discuss openly)? - A: Hi Kirtson, We have a 2 Tier security structure. 1. Infrastructure Level: Port Binding, private VPC with VPN, Load Balancer, IP Audit & NG Firewall. 2. Application level: For Paycircle: 2FA, Encrypted Passwords. For DIAM (part of Diamante Net): Consensus Protocol. Regards, Chirag Jetani - Q: Can you articulate your current roadmap to roll out services which will generate revenue 2021-2025? What traction do you currently have for retaining paying customers? - A: Hi! Kirston, Thanks a lot for reaching out again. We are happy to answer all of your queries. PayCircle application will generate revenue in the next few weeks, and the projected EBITDA for PayCircle is approx. $57 million by 2025. Under our roadmap, we would roll out the CreditCircle application by the 1st quarter of 2022. Currently, we have signed up 400+ corporates from different geographies that are looking forward to utilizing our services, starting with PayCircle. Regards, Chirag Jetani - Q: Hello Diamante team. A few questions: Can you indicate the target addressable market you are targeting initially? What market share of this TAM you are expecting/projecting 2021-2025? - A: Hi! Kirston, Thanks a lot for reaching out. As the Diamante team has deep roots in the luxury goods and service industry, the initial target market will be the gems & jewelry sector, which is more than $182 billion in annual revenue. We expect to get 10-15% of the payments market share in the next five years. Regards, Chirag Jetani - Q: Will you do an Initial Coin Offering (ICO) for your native utility coin DIAM, if yes, will investors have a chance to participate in it? From a quick look at google I could not find any details about your DIAM but found a different coin with the same name https://icoholder.com/en/diam . Do you have any relationship with them? If not, I wonder if there will be any trademark issues giving you planning to release your utility token with the same name. - A: Hi Tuan, Thanks for getting in touch with us. We will be conducting a private sale for our native digital asset DIAM where the US accredited investors can participate. The relevant announcements will be done via our website and media. We will also send you a personal notification when the sale goes live. We do not have any relation with the coin/token that you have mentioned. Although currently digital assets are not subjected to trademark filings, our legal team would be working on this to make it more secure. We would also like to emphasize the fact that the inception of Diamante Blockchain and DIAM was done prior to the company mentioned by you. Regards, Chirag Jetani - Q: Hi Diamante Team, I love all that I have read so far. But why is there no "DETAILS" tab (provides financial information) like other startups listed on Wefunder? Also, what are the terms offered under SAFE for this raise? Thank you! -John Hwung - A: Hi John, Thanks a lot for reaching out. We have not officially started the campaign yet. Our campaign will go live for private investors in next 48-72 hours after which you would be able to see the financial information similar to other startups listed on the Wefunder. The SAFE terms are: Pre-money Valuation Cap of $12,500,000.00 and a Discount Rate of 75%. We would like to thank you for your interest and please do let us know if you have any further questions.