TransCrypts Raises $15M Seed Round to Combat AI Fraud and Redefine Digital Identity Verification

• The round was led by Pantera Capital with participation from Lightspeed Faction, Mark Cuban, and other marquee investors.
  
  
• In just 24 months, TransCrypts has grown 15-fold, serving 450+ enterprise customers and 4 million users, including multiple Fortune 500 companies, with its Fortune 100 client base doubling in 2025 alone.
  
  
• TransCrypts is shaping the future of self-sovereign digital identity—giving individuals full control over employment, health, and educational records amid rising digital fraud and AI manipulation.
  

SAN FRANCISCO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- TransCrypts, a blockchain-based platform transforming the digital identity and credential verification space, today announced it has raised $15M in seed funding. The round was led by Pantera Capital with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund, Tomer London (angel), as well as existing investors Mark Cuban, Techstars, Alumni Ventures, Protocol Labs, Apertu Capital, Informed Ventures, Asymmetry Ventures, and The Atland Fund.

The funding will fuel the company’s mission to empower consumers to securely own and share verified credentials, safeguarding trust in an era of AI-driven fraud and digital misrepresentation.

“Trust online is under attack with AI fraud and deepfakes. TransCrypts puts control back in people’s hands, making verification faster, smarter and more secure. I’m excited to be an investor,” said Mark Cuban.

“Our goal is simple: to give people 100% control of their identity,” said Zain Zaidi, CEO and Founder of TransCrypts. “Whether it’s employment, health, or educational records, we’re making verification secure, efficient, and fraud-resistant.”

Franklin Bi, General Partner at Pantera Capital, added, “TransCrypts addresses one of the most pressing challenges of our time: trust in an era of AI-driven fraud and data manipulation. TransCrypts is giving individuals full control of their credentials, ensuring privacy, security, and compliance at a scale that only blockchains can handle. We’re proud to support Zain and Ali as they set the standard for the future of identity verification.”

Enterprise customers are seeing the benefits firsthand. Since launching in 2021, TransCrypts has grown 15-fold in just 24 months and now serves hundreds of enterprises, including companies in the Fortune 100 and Fortune 500. With over 4 million users and 450+ enterprise customers, the platform is rapidly redefining how identity verification is done. Employers, landlords, and background check agencies are turning to TransCrypts for fast, privacy-compliant, user-owned verification that sets a new standard in trust and security.

With the new funding, TransCrypts plans to expand beyond employment credentials to health and educational records. The company recently achieved HIPAA certification, enabling consumers to securely control health data that was previously locked with providers.

As its user base grows rapidly, TransCrypts plans to more than double its team in the next year. The company operates co-headquarters in San Francisco and Toronto, the latter of which opened just recently.

Read more about what drew investors like Pantera Capital and Mark Cuban to TransCrypts here.

About TransCrypts

Founded in 2020, TransCrypts is transforming how employment and income records are issued, verified, and shared. Backed by prominent investors including Mark Cuban, Pantera Capital, and Lightspeed Faction, the company uses blockchain and cryptographic technologies to automate compliance and return ownership of verified records to individuals. To learn more about the company, visit www.transcrypts.com.

Media Contact:
Juliet Travis
juliet@liftoffcommunications.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3cb48c3-d7bd-4114-b92a-9d9e2f83f919

Empowering People to Own Their Digital Identity

TransCrypts co-founders Zain Zaidi and Ali Zaheer, whose blockchain-based platform is redefining digital identity verification and giving individuals full control over their employment, health, and educational records.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.