{"data":{"type":"company_profile_ai","id":88034,"entity_id":"wefunder:company:88034","attributes":{"canonical_url":"https://wefunder.com/transcrypts","retrieval_urls":{"canonical":"https://wefunder.com/transcrypts","json":"https://wefunder.com/transcrypts.json","markdown":"https://wefunder.com/transcrypts.md","ai_json":"https://wefunder.com/transcrypts.ai.json","ai_text":"https://wefunder.com/transcrypts.ai.txt","changelog_json":"https://wefunder.com/transcrypts.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-06-07T05:02:25Z","generated_at":"2026-06-08T01:57:28Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"company":{"id":88034,"entity_id":"wefunder:company:88034","slug":"transcrypts","name":"TransCrypts","tagline":"Redesigning Digital Documents Through The Blockchain\r\n\r\n","elevator_pitch":"We provide HRs a tool to automate the issuance and compliance of employment and income verification forms using the blockchain. As we grow we hope to use our technology for other types of documentation like criminal records, government ids, medical records, diplomas, etc.","location":"Newark, CA","website":"https://www.transcrypts.com/","total_amount_raised":101694,"total_investors":157,"is_funded":false,"is_active":false},"key_claims":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 101694","citation":"https://wefunder.com/transcrypts#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-08T05:02:25Z"},{"claim_id":"claim-total-investors","text":"Total investors: 157","citation":"https://wefunder.com/transcrypts#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-08T05:02:25Z"}],"verified_facts":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 101694","citation":"https://wefunder.com/transcrypts#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-08T05:02:25Z"},{"claim_id":"claim-total-investors","text":"Total investors: 157","citation":"https://wefunder.com/transcrypts#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-08T05:02:25Z"}],"company_claims":{"tagline":"Redesigning Digital Documents Through The Blockchain\r\n\r\n","elevator_pitch":"We provide HRs a tool to automate the issuance and compliance of employment and income verification forms using the blockchain. As we grow we hope to use our technology for other types of documentation like criminal records, government ids, medical records, diplomas, etc.","story":"OverviewTransCrypts 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\u0026nbsp;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.\u0026nbsp;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 your employment and income information is not controlled by\u0026nbsp;third party company whose only goal is to maximize\u0026nbsp;profits.\u0026nbsp;We are giving data ownership back into the hands of the people, and by creating a platform that simultaneously benefits\u0026nbsp;HRs we have seen dozens of companies joining TransCrypts in the past few months\u0026nbsp;as early users. TransCrypts is raising money to help grow our team so we can address the tremendous growth we have seen in the past few months, and to help convert our early users into paying customers. We chose Wefunder as the platform to raise this money because as a company that prides itself on democratization of information it would only be fitting\u0026nbsp;to democratize access to our offering rather then just keeping it for the elite of the Silicon Valley.\u0026nbsp;Highlights \u0026amp;\u0026nbsp;TractionBeta testing with employees\u0026nbsp;from over 30+ companiesUser growth at 40% since the start of 2021Winner of one of the most prestigious business competitions in the world, the Silicon\u0026nbsp;Valley Business Plan CompetitionList of advisors include professor of blockchain technology (Ahmed Banafa) and Young Han(Serial Entrepreneur)\u0026nbsp;ProblemEvery year human resource departments around the country are overwhelmed with phone calls and emails from background check companies, lenders, and government organizations requesting to verify the information of their current or past employees. For example, a bank may call an applicant's place of employment to verify their current employment and income status, or a court may request an income verification document to help decide child support payment.Just in the US alone HRs spend 150M Man-hours responding to these verification requests. This amounts to 4.5 B dollars in excess labor costs to employers.A lot of HRs time is used up making sure each verification request is compliant with the Fair Credit Reporting act, a federal law that dictates the compliance behind issuing employment and income verification documents.Because of the time it takes and potential liability many HRs outsource this responsibility to third party companies, like Equifax and HireRight. However, these companies are expensive, have major data privacy and security issues, and none of them offer a solution that fully automates the verification issuance process for HRs.We saw an opportunity to address these inefficiencies\u0026nbsp;in our competitors' approach by the recent maturation of blockchain\u0026nbsp;technology. That is why we decided to launch TransCrypts to bring a new technology to an industry that has seen little to no innovation in the past decade.Our Proprietary SolutionAt TransCrypts our process allows us to fully automate the issuance of employment and income verification forms for our HR clientele. The value we provide to our HR partners is\u0026nbsp;time savings - in never having to manually respond to a verification request again and elimination of any compliance related headache. We are the only solution on the market that fully does both these things, and we accomplish it by our simple 4 step process that takes less than 15 minutes to set up.1)IntegrateThe first step in our process is we integrate with our customer's existing human resource databases like ADP, Namely, or BambooHR. Companies can download our solution directly from these HR software providers' official marketplaces. Thus, setting up the integration with their databases would be as simple as downloading an app. Using the information stored on these databases we create employment and income verification documents. Of course, we also have the option to skip integrating all together as employers can manually upload and issue credentials.2)IssueAfter integrating our program, we create these income and employment verification forms and issue them directly to the employee’s email. This issuance will occur on a monthly basis, so each employee has access to up-to-date information about their employment and income status. Aside from just their emails, employees will be able to access their documents through our portal at Transcrypts.com3) ShareAfter the verification document is\u0026nbsp;issued to the employee, the employee can then share this information with any third party instantaneously. The employee has the option to share the document via a link,\u0026nbsp;email or QR code. Ultimately, the goal will be that an employee could link their employment and income verification forms directly to a loan application, lease, or background check thus greatly reducing the time it takes to verify\u0026nbsp;this information.4) VerifyAn important part of this whole process is for third parties to see if the document being shared with them is authentic. Any document shared via our network can easily be verified by the document’s URL link, its transaction id, or by its hash. All a verifier needs to do is to take that information and go to http://portal.transcrypts.com/searchCertificate and put it in a search bar as seen below.Upon providing the appropriate information a verifier will get a page like this, showing who sent the document, the contents of the document, when the document was sent, and to whom the document was sent to as seen below.Revenue ModelWe are a B2B SAAS business. Our average sales cycle is 6-8 weeks and our target customer base is companies with over 40 employees. At around the 40-employee mark is when the burden on HRs to issue verification documents and handle the compliance behind each verification request\u0026nbsp;starts to\u0026nbsp;become cumbersome. Therefore, we have noticed that companies with a headcount over 40 plus employees are the ideal candidate for theOur PlanBig corporations are extremely unforgiving. As a completely new technology in our market, blockchain \u0026amp; smart contracts were largely unproven. We needed to build trust with our corporate clients as well as hone in on the deficiencies\u0026nbsp;in our product and the technology. This was the\u0026nbsp;reason behind why we have elected to extend our open beta until the end of July 2021. Upon the conclusion of our open beta, we intend to convert our beta users into paid clients\u0026nbsp;From there we aim to reach to more and more human resource departments and grow in this vertical. However, our long-term plan is to bring our technology to different verticals and\u0026nbsp;document types like medical records, legal documentation, and education history.Questions?Transparency is a defining principle at TransCrypts. If you have questions about our company feel free to send either Zain (CEO) or Ali (CTO) an email and we would love to talk with youInvest in a Future of Data Ownership. Invest in\u0026nbsp;TransCrypts","quick_facts":["Technical founding team","Currently beta testing with 30+ companies","User growth at over 40% since the start of our open beta in January 2021","Building the future of data ownership","Proprietary blockchain technology with licensing potential","Winner of the 2021 Silicon Valley Business Plan Competition","$2.7 Billion Total Market Opportunity just in the United States"]},"computed_metrics":{"total_amount_raised":101694,"total_investors":157,"team_size":2,"featured_investor_count":1,"faq_count":5,"recent_post_count":0},"quick_facts":[{"claim_id":"claim-fact-1","value":"Technical founding team","citation":"https://wefunder.com/transcrypts#claim-fact-1","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-2","value":"Currently beta testing with 30+ companies","citation":"https://wefunder.com/transcrypts#claim-fact-2","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-3","value":"User growth at over 40% since the start of our open beta in January 2021","citation":"https://wefunder.com/transcrypts#claim-fact-3","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-4","value":"Building the future of data ownership","citation":"https://wefunder.com/transcrypts#claim-fact-4","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-5","value":"Proprietary blockchain technology with licensing potential","citation":"https://wefunder.com/transcrypts#claim-fact-5","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-6","value":"Winner of the 2021 Silicon Valley Business Plan Competition","citation":"https://wefunder.com/transcrypts#claim-fact-6","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"},{"claim_id":"claim-fact-7","value":"$2.7 Billion Total Market Opportunity just in the United States","citation":"https://wefunder.com/transcrypts#claim-fact-7","observed_at":"2026-06-07T05:02:25Z","expires_at":"2026-06-14T05:02:25Z"}],"latest_fundraise":{"id":46023,"entity_id":"wefunder:fundraise:46023","state":"successful","offering_type":"506(b)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null},"investor_memos":[],"team":[{"id":1742188,"entity_id":"wefunder:company_role:1742188","name":"Zain Zaidi","title":"Founder \u0026 Chief Executive Officer","role":"founder","profile_url":"https://wefunder.com/zainzaidi"},{"id":1878393,"entity_id":"wefunder:company_role:1878393","name":"Ali Zaheer","title":"Founder \u0026 Chief Technology Officer","role":"founder","profile_url":"https://wefunder.com/alizaheer"}],"featured_investors":[{"id":5519,"entity_id":"wefunder:company_investor_profile:5519","name":"Young Han","bio":"Serial Puzzler and Coffee Fanatic!","profile_url":"https://wefunder.com/younghan"}],"relationships":[{"source_entity_id":"wefunder:company:88034","relation":"has_team_member","target_entity_id":"wefunder:user:1396039","target_url":"https://wefunder.com/zainzaidi"},{"source_entity_id":"wefunder:company:88034","relation":"has_team_member","target_entity_id":"wefunder:user:1445077","target_url":"https://wefunder.com/alizaheer"},{"source_entity_id":"wefunder:company:88034","relation":"has_featured_investor","target_entity_id":"wefunder:user:16047","target_url":"https://wefunder.com/younghan"},{"source_entity_id":"wefunder:company:88034","relation":"has_latest_fundraise","target_entity_id":"wefunder:fundraise:46023"}],"faq":[{"question":"Hello, does your product meet the requirements of the eIDAS Regulation of the EU?","answer":"Hi Peter, That is a great question! Our product is both eIDAS and ESIGN compliant and meets the requirements for digital signatures in the United States, Canada, and the European Union."},{"question":"So much to like, I'm already in a little but contemplating doing more. My biggest question is about your IP and how it both gives you a moat and opens up licensing opportunities. Of course you don't want to give too much away, but I don't know enough about blockchain to proper...","answer":"Hi Alan, Thank you so much for your support! IP has been a huge focus for us. As one of first companies utilizing blockchain technology in this domain we realized the importance to build an IP moat against future competitors. What we did was partner with Wilson Sonsini, one of the largest law firms in the country, and just looked at all the ways blockchain could be utilized in sending verifiable digital documents. That is when we went in and just build a patent wall protecting our product and..."},{"question":"Could you elaborate on the type of partnership with ADP? Are they currently using it for a subset of their users?","answer":"Hi Omar! Our partnership with ADP allows TransCrypts to be featured on ADP's official marketplace. This gives us great brand exposure to the thousands of human resource departments that utilize ADP and also allows them to easily integrate their HR databases with TransCrypts. As to answer your second question. ADP does recommend our product to a select subset of their users based on their needs, geographic location, and headcount. This has been a great source of lead generation for us and thro..."},{"question":"1. What prevents the employee from altering the Transcrypts document? 2. Why would entities seeking verification ask the employee for the documentation instead of going directly to the employer which negates the benefit of this product? 3. Doesn't the requesting entity have to...","answer":"Hi Michael, Those are some fantastic questions! To answer your first question, employees cannot alter documents on TransCrypts because these documents are stored on our blockchain/IPFS network and not on their personal devices. What we do is link the unique IPFS address of the document to the blockchain, which gives employees the ability to share and view their documents but restricts them from making any sort of altercations to the contents of the document. Another way to think about how our..."},{"question":"1. What was Ali Zaheer's consultancy firm that provided blockchain services and was later sold to Teller? I can't seem to find it described anywhere or on the LinkedIn printout. 2. Who is your perceived competition in this space including startups and already established playe...","answer":"Hi Jeffery! Thank you for your questions. The name of Ali's consultancy firm was called MAH consultancy(abbreviation of the 3 original founders) and his company provided blockchain and crypto consultancy for companies based in Canada and the US. He sold his company to a Toronto based consultancy firm called Teller in 2017, and left soon after the acquisition was complete. There are quite a few competitors in this space. Existing verification providers such as Equifax and HireRight are some of..."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-08T01:57:28Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-07T05:02:25Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-08T01:57:28Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-08T01:57:28Z","confidence":"medium"}}}}}}