Question 1

At what Valuation this Raise is ? How much company raised before this round and how much is invested by founders ? Thank You

Accepted Answer

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.

Question 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

Accepted Answer

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.

Question 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...

Accepted Answer

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...

Question 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

Accepted Answer

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...

Question 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...

Accepted Answer

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...

DIAMANTE BLOCKCHAIN

A DeFi ecosystem for payments and financing leveraging proprietary blockchain infrastructure

$1,375,951

DIAMANTE BLOCKCHAIN

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