TransCrypts Raises $2.4M in Pre-Seed Funding
Summary
TransCrypts, a San Francisco, CA-based provider of a record management platform that empowers consumers to own and share their work and income history in a verifiable and auditable manner, raised $2.4M in Pre-Seed funding. Led by CEO Zain Zaidi, TransCrypts is an API-enabled as a user-friendly platform for consumer-enabled credential verification. Using the information on those databases, it issues blockchain backed credentials to the individuals in those organizations who can then share that information with requesting third parties such as lenders, property managers, and employers. Currently live at over 140 different enterprises, TransCrypts saves human resource departments time, money, and compliance related headaches in responding to these employment and income verification requests for their current and past employees. By enabling the individual to self-serve these requests directly, TransCrypts improves the verification process for the consumer, the verifier, and the HR.