Epoch Financial Group

Epoch Financial Group

Growth Stage

Rethinking the way consumers prepare and apply for a mortgage

Rethinking the way consumers prepare and apply for a mortgage

Overview

Raised to Date: 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    Open SEC Filing

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

Location

Philadelphia, Pennsylvania

Business Type

Growth

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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Epoch Financial Group on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $18,000,000

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