Hypersonic DLT for Open Data and Banking

Posted On: 31 / Mar / 2023
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Block Chain
Charge

Deal Status

Active

Deal Description

Products:

  1. Hypersonic DLT 
  2. Triple Entry Accounting
  3. Integrated Identity & Access Management 
  4. Open Date & Banking
  5. Active Contracts
  6. SaaS Model

Description about Aurigraph Protocol:

1. Revolutionising Fintech through Triple Entry Accounting Principles.

2. Peer-to-peer transactions in a highly decentralised architecture ensuring High Availability and Security!

3. Need at least 5 active nodes to randomly select a Notary in under 300ms where Notary changes frequently to avoid single point of failure.

4. Support for Upstream/downstream Track-and-Trace.

Applications:

1. Designed to offer

  • Real-time Reconciliation & Settlement, Audit
  • Realtime Track-and-Trace across value chains
  • Edge computing

2. Reducing 30% in Operational Expenses across the value chain.

3. Unlocking 4% to 7% of cash flow.

4. Eliminating suspense account and write-offs

5. Realtime Track and Trace

API Aggregation: We have over 60k+ APIs in

1. Banking and Finance

2. Health Care

3. Education 

4. Utilities

DLT Based Systems:

1. User Consent on Immutable Ledger

2. Smart Contract-Based automation for data and automation.

Active Contracts:

1. Customer Identity & Access Management

  • Open Data integration for Identity data with User consent
  • Immutable ledgers for transparency

2. Open Banking & Open Commerce:

  • Smart contracts for data integration and automation
  • Immuatble Decentralised Ledgers for P2P transactions

3. Business Applications:

  • Enterprise Identity and Access management with RBAC
  • Data Automation and WorkFlow.

Previous Investment:

1. Feb 2022:

  • Reverse Merger with Melody Do Inc. 
  • 25 Cents a share

2. Feb - Nov 2022:

  • Raise 600k USD 
  • Signed first customer
  • 115 Mn shares issued
  • Dealing at a dollar a share!

3. Dec 2022:

  • Signed Term Sheet with NY based VC for USD 200 Million commitment after listing at a minimum valuation of USD 1.3 Billion

4. H1/2023:

  • FINRA approval, SEC Ticker
  • Raising USD 6 MM @ $ 1.00 at market cap of $ 115 MM
  • NASDAQ Listing H1/2023 subject to market conditions

No Files Attached

Deal Value
47.94 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed