FM Capital, Automotive Ventures among investors fueling EPIC’s Series A funding
EPIC chief executive officer Brandon Hall. Images courtesy of the company.
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EPIC gained an amount of funding that might prompt someone to say that’s “epic.”
The financial technology company wanting to transform how the automotive industry manages the loan payoff and title release process announced on Tuesday it has raised $10 million in Series A funding.
According to a news release, the round was led by FM Capital, with participation from Automotive Ventures and other strategic industry investors.
EPIC said the funding will support continued market expansion and platform innovation.
“This funding lets us reach more partners and further improve how dealers, lenders, and insurers manage loan payoffs and title releases,” EPIC chief executive officer Brandon Hall said in the news release. “Faster, more efficient processing helps our partners save time, reduce errors, and boost profit opportunities.”
“EPIC is eliminating one of the industry’s most stubborn bottlenecks,” FM Capital managing partner Chase Fraser said. “Its digital network for loan payoff and title release replaces outdated manual processes with the speed and precision today’s automotive ecosystem demands.”
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EPIC acknowledged legacy processes for loan payoffs and title releases create friction, delay, and financial risk for the automotive industry. EPIC wants to replace those processes with a modern financial infrastructure — a secure, digital clearinghouse that streamlines every step, from payoff quote to title release.
“Our investment in EPIC reflects a shared vision to digitize a key segment of the automotive transaction process that has been unsolved,” said Steve Greenfield, general partner of Automotive Ventures. “The EPIC platform reduces errors, saves time, and moves the industry toward a unified, digital workflow, saving dealerships thousands every month in holding and processing costs.”
EPIC has already partnered with automotive dealers, vehicle lenders, and automobile insurers across the U.S.
EPIC plans to expand its reach to additional markets such as the powersports and RV sectors in its next growth phase.
For more information about EPIC, visit: www.withepic.com.
