Ethos
Early Stage
Decentralized financial services for all
Overview
Raised: $135,190
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/07/2023
Days Remaining
91
% of Min. Goal
270%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$5,007
# of Investors
68
Momentum
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Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
Reno, Nevada
Ethos, with a valuation of $25 million, is raising funds on Republic. The company has developed a platform to provide decentralized financial services for all. Ethos works on its patent-pending Magic Key technology that eliminates the need for seed phrases and enables individuals to become a part of the decentralized finance (DeFi) world through its future-ready platform. The app has an intuitive interface, vault-level security, and live prices, and it works as one super app for all things crypto and finance. Shingo Lavine, Adam Lavine, Jeff Karan, and Oleg Itkin founded Ethos in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for product and engineering development, marketing, and general and administrative expenses.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$350,166 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-355,456 |
$0 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$695,648 |
$0 |
Accounts Receivable |
$612 |
$0 |
Total Assets |
$1,055,912 |
$0 |
Short-Term Debt |
$567,855 |
$0 |
Long-Term Debt |
$458,211 |
$0 |
Total Liabilities |
$1,026,066 |
$0 |
Financials as of: 11/10/2023
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