Epoch Financial Group
Growth Stage
Rethinking the way consumers prepare and apply for a mortgage
Overview
Raised: $114,531
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$18,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,291
# of Investors
213
Momentum
Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 03/03/2022
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