Ethos

Ethos

Early Stage

Decentralized financial services for all

Decentralized financial services for all

Overview

Raised to Date: Raised: $135,190

Total Commitments ($USD)

Platform

Republic

Start Date

11/10/2023

Close Date

03/07/2024

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/07/2023

Days Remaining

91

% of Min. Goal

270%

% of Max. Goal

3%

Likelihood of Max
unlikely
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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Ethos on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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