#ChainCred: Revolutionizing Fundraising Due Diligence

3 messages · Page 1 of 1 (latest)

high meteor
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🌟 ChainCred is transforming the landscape of startup fundraising by addressing the crucial challenge of securely sharing sensitive financial data for due diligence. Our innovative platform ensures confidentiality and trust while streamlining the verification process, leveraging the power of Soroban smart contracts. It serves as end to end ERP for founders, taking them from PDFs to graphs in just one click and a reliable platform for investors to track all their investments at one place in real time and is crucial for saving their human time and effort for the due diligence fundraising process. Say no more to weekly update meetings, when you can have it all verified, in real time.

Journey So Far
Onboarded 2 angel investors and 3 startup founders
Launched initial product, with essential modules for founders and investors
Deployed Data Parsing Module and ERP platform essentials
Attended ~10 startup events, pitching the initial product, and collecting market feedback
Gathered 5+ leads in the pipeline
Scaled to a team of 5, with 2 increments in product team and 1 in customer success and business development

Roadmap, Q3-Q4' 24:
Incorporate user-defined LLM, making it scalable for all industries
Launch the product on Soroban mainnet
Expand the business development team to cater to inbound leads and reach out to institutions
Launch an Investor Traction module to create a public view of the company for fundraising with just one click
Collaborate with college E-Cells to build a community and onboard early aspirants, starting from 7 IITs
Host product launch events in Bangalore and Hyderabad.

🌐 Explore ChainCred:
Website: https://chaincred.club/
Github: https://github.com/AjmeraParth132/ChainCred

🚀 Join us as we innovate and streamline the fundraising process for startups and investors, ensuring secure, efficient, and transparent financial data verification. Your journey to a trusted and efficient fundraising experience starts with ChainCred!

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high meteor
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Hey @mellow lily Thanks for your question at the pitch. Current product is just the MVP and beta launch of the market feedbacks received. The initial product is made on web2 principles so the onboarding is easy, it is now when we start to leverage soroban and on chain transactions so that

  1. we get the most out of it
  2. ⁠users need not need to care about whats web3 in it

We had a talk with better capital, a VC firm and potential client, who wanted us to make a pitch deck on the verification module as well, on which, within the span of next 2 months, we plan to implement the verification module in 2 parts. First that the bank statement provided is legitimate, and second that once parsed, we keep it secure and untampered.

For the first part, we will fetch the details from oracle and check if they are trustworthy and now we detect using ocr that if the statement is from one of these banks. Now, if verified, we make the data hash encrypted and store it on the chain to make sure it doesn’t get tampered later, and if not, we ask user to upload more bank details and use a different backup oracle to verify it.

latent temple