News
Oct 29, 2024
Startup brings blockchain to Ukrainian refugees, lands US$2.4 million in funding
For many, blockchain is best known as the technology that underpins cryptocurrencies. But startup company TransCrypts is using it to give people more control over their personal information – including refugees who fled Ukraine.
A document verification platform, TransCrypts is making waves, recently landing US$2.4 million in funding from backers that included Mark Cuban.
At the helm are 23-year-old CEO Zain Zaidi and co-founder and chief technology officer Ali Zaheer, an alumnus of the University of Toronto. The pair developed the startup with the support of The Hub, U of T Scarborough’s entrepreneurial incubator.
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