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EPASS

EPASS is a game-changing digital work passport

USA, California
Market: Internet and IT, Services, Other, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 31.08.2023
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Idea

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.

Team or Management

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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Product Video
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