USA, California
Market: Internet and IT, Services, Other, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready
EPASS is a Digital Work Passport. Our advanced ID mapping network protocols will streamline HR processes and curb employee fraud, potentially saving companies millions in annual revenue.
Current Status
MVP testing
Problem or Opportunity
We are solving the trillion-dollar problem of fraud in the workplace. EPASS makes fraud unprofitable.
Solution (product or service)
We have developed a user verification system that makes employee fraud unprofitable
Competitors
- LinkedIn: Professional networking platform with work history and skills showcase - however details entered can be amended and are often not verified.
- Online Resume Builders: Tools like Canva, Zety, etc., for creating digital resumes. However these also do not provide verified work histories.
- Background Verification Companies: Specializing in employment checks.
However, it's important to note that these options complement rather than directly compete with EPASS, which uniquely offers automated, secure, and synchronized HR processes and verified work histories.
Advantages or differentiators
Our digital work passport revolutionizes workforce authentication, utilizing advanced ID mapping network protocols.
Key advantages include streamlined HR processes, fraud mitigation, and an ROI projection exceeding 25%. EPASS envisions a future where it's the gateway to loans, jobs, and more.
Business model
Subscription
Money will be spent on
Product Development
Marketing
Legal Services (Licensing & Registrations)
Administration
Offer for investor
EPASS is currently in its pre-seed funding round, seeking to raise $5.5 million to fuel its innovative mission. While we have received promising soft offers amounting to $350,000, we are actively searching for a lead investor to champion our vision.
As for the investment terms, we are open to discussing options such as Common Shares and SAFE (Simple Agreement for Future Equity) agreements, tailoring the terms to align with the preferences and goals of potential investors.
In addition to considering your investment, you may also be interested to know about other investors who have joined us on this exciting journey. Our investor base is growing, and we're committed to fostering a supportive network that believes in the transformative potential of EPASS. Rest assured, you will be in esteemed company if you decide to partner with us.