TransCrypts
Techstars '22Newark, US · Founded 2020 · 35 employees on LinkedIn · 18 known investors
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TransCrypts is a blockchain-based platform for verifying and sharing employment, health and educational credentials.
Also known as TransCrypts
Founders & leadership
TransCrypts was founded in 2020 by Zain Zaidi and Zain Z.
Investors · 18
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$15M disclosed across 1 of 3 rounds · 2022–2025
- $15Mseed fundingOct 2025 · 4 sources
Pantera Capital (lead), Alpha Edison, Alumni Ventures, Apertu Capital, Asymmetry Ventures, California Innovation Fund, Informed Ventures, Lightspeed Faction, Mark Cuban, Motley Fool Ventures, Protocol Labs, Techstars, The Atland Fund, Tomer London
Source ↗ - Undisclosed amountPre-SeedJan 2023Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026TransCrypts operates a blockchain-based digital identity and credential verification platform that lets individuals collect, own and selectively share verified records. The company began by digitizing employment and income verification, positioning its product as an alternative to traditional background checks, which it characterizes as slow, costly and error-prone. Users encrypt their records, and the platform enables sharing with employers, landlords and background check agencies without reliance on third-party intermediaries.
Following its October 2025 seed round, the company said it was extending the model beyond employment credentials into health and educational records. It reported achieving HIPAA certification, which it says allows U.S. consumers to control medical data previously held by healthcare providers, and cited use cases such as patients carrying verified medical histories between providers and graduates sharing diplomas and transcripts with employers. The company also said it planned to more than double its team in the following year.
Founding story
Founder and CEO Zain Zaidi started the company after a bureaucratic incident in which misplaced transcripts nearly cost him his place in graduate school, an experience he has framed as demonstrating the consequences of being unable to prove one's own records. He co-founded the company with CTO Ali Zaheer.
Business model
The company is described as a SaaS business providing consumer-empowered record management, selling verification services to enterprises while giving individuals control over their own credentials.
Traction
The company reports over 4 million users and more than 450 enterprise customers, 15-fold growth over 24 months, and a doubling of its Fortune 100 client base during 2025.
Latest developments
In October 2025 the company announced a $15M seed round led by Pantera Capital, to be used for expansion into health and educational credentials, real-time verification tooling and headcount growth.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
TransCrypts positions itself in the self-sovereign digital identity and credential verification market, framing its product as a response to rising identity fraud, deepfakes and AI-driven data manipulation. Coverage of the seed round cited claims that Americans lost $43 billion to identity theft in 2023 and that deepfake scams rose more than 1,800 percent in a year.
The platform's stated distinction is individual ownership of credentials: records are encrypted and key-controlled by the user, and verification occurs against on-chain hashes rather than through a third-party background check provider.
Technology
User data is encrypted and stored off-chain, with the hash of that data written to a blockchain. Users can share corresponding private keys with specific individuals, limiting who can view their records and for how long, and allowing counterparties to confirm authenticity without exposing underlying personal details. The platform uses cryptographic techniques to automate compliance, and the company reports HIPAA certification for handling health data.
Go-to-market
Employers, landlords, background check agencies, and organizations in regulated sectors such as healthcare, staffing and education, alongside individual consumers who hold and share their own records. Its enterprise base includes Fortune 100 and Fortune 500 companies.
Geography
Co-headquartered in San Francisco, California and Toronto, Canada, with the Toronto office opened shortly before the October 2025 funding announcement. Company profiles also list a Newark, California location.
History
Press materials describe the company as founded in 2020, with its platform launching in 2021. TransCrypts completed the inaugural Filecoin Techstars Accelerator class in June 2022 and, within days of finishing the program, closed a $1.4M pre-seed round. In September 2025 it won CoinDesk's Pitchfest at Consensus Hong Kong, receiving $10,000 in tokens, a trophy and ten coaching sessions. On October 8, 2025 it announced a $15M seed round led by Pantera Capital. It had recently opened a Toronto office to operate alongside San Francisco as co-headquarters.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 5
by search overlap
Companies competing with TransCrypts for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 6
launches, deals, and filingsSeed round led by Pantera Capital with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund, angel Tomer London, and existing investors including Mark Cuban, Techstars, Alumni Ventures and Protocol Labs. Proceeds earmarked for expansion into health and educational records and team growth.
$15M source ↗
Received $10,000 in tokens, a trophy and ten coaching sessions.
Certification cited as enabling the company to handle consumer health records ahead of its expansion into health credentials.
Closed a $1.4M pre-seed round within days of completing the inaugural Filecoin Techstars Accelerator class.
$1.4M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- TransCrypts Announces New $15M Funding Round | Techstars | Techstarstechstars.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does TransCrypts do?
- TransCrypts is a blockchain-based platform for verifying and sharing employment, health and educational credentials.
- Who founded TransCrypts?
- TransCrypts was founded by Zain Zaidi, Zain Z in 2020.
- Who are TransCrypts's investors?
- TransCrypts's investors include Alpha Edison, Alumni Ventures, Atland Ventures, Beyond Capital, Faction, Informed Ventures Advisors, Llc, Motley Fool Ventures, Pantera Capital and 6 more.
- How much funding has TransCrypts raised?
- TransCrypts has disclosed $15M raised across 1 of its 3 known rounds.
- Where is TransCrypts headquartered?
- TransCrypts is headquartered in Newark, US.