Epoch Financial Group

Epoch Financial Group

Closed: Apr. 2022

About this raise

Epoch Financial Group, with a valuation of $18 million, is raising funds on Republic. The company is educating and empowering mortgage borrowers and rethinking the way consumers prepare and apply for a mortgage. The app provides educational resources and logic tailored to each borrower and lets the consumers chat with trusted mortgage advisors. Epoch Financial Group built its proprietary commission software in 2021 and funded 917 loans at $274 million in 2021. Evan Wade founded Epoch Financial Group in October 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for product development, hiring, and launching additional revenue channels.

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Investment Overview

Invested this round: $114,531

Deal Terms

Total Commitments

Platform
Republic
Start Date
03/03/2022
Close Date
04/22/2022
Min. Goal
$25,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Philadelphia, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Evan Wade
Title
CEO

Financials

 Revenue +155% YoY
$4,493,037
 Monthly Burn
$18,168
 Runway
24+ months
 Gross Margin
13%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,493,037

$1,762,653

COGS

$3,922,648

$1,549,200

Tax

$0

$0

 

 

Net Income

$-218,020

$-172,635

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$658,337

$103,875

Accounts Receivable

$21,404

$66,635

Total Assets

$682,332

$174,701

Short-Term Debt

$1,060,955

$329,012

Long-Term Debt

$149,900

$0

Total Liabilities

$1,210,855

$329,012

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/22/2022 Republic $18,000,000 $114,531 SAFE Funded RegCF
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Epoch Financial Group on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $18,000,000

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