Dear AlphaFlow Investors,

We are posting here to apologize as it looks like our previous update from April 2021 only posted to our 2nd campaign's page. We're so sorry. Please find that large update below:

Hello to our Republic family and apologies for the long overdue update! We have a number of big updates to share and we'll break it up by section. Here we go:

Fundraising

• In March we announced a strategic investment from New York Mortgage Trust, a public REIT and longtime client, with participation from Point72 Ventures, Gaingels, and other great investors.
• We absolutely plan to still pursue a Series B in the coming months, but accepted an opportunity to build a tighter relationship with a key client. 

Team

• Dana Georgiou joined us from PeerStreet as SVP of Lender Partnerships
• Rebecca Steele joined us as COO and Gabe Rinaldi as CTO
• Overview on our president, Noah Martin

Company News

• AlphaFlow signed a strategic partnership with the American Association of Private Lenders
• Webinar: If you'd like to join an industry webinar with our CEO and President: Both Sides of the Table: How Lenders & Wall Street are Navigating Today's Rising Rate Environment

2 Things Going Well

1. Executive Hires: we have added significant executive talent in the last 4 months, with a CFO as the last piece and we'll begin that search in the coming months.
2. Product Development: we plan to launch an industry-shifting new software product in the next 90 days. Our new CTO and the product team he has built have significantly improved our ability to produce great software.

2 Challenges to the Business

1. Rate Shocks: our industry has not dealt with rates rising this quickly in a long time. As a result, rental loans (great revenue source) dried up in the industry.
2. Temporary Market Disconnect: borrowers and even lenders have not yet accepted that rates have moved as far as wall street is demanding, so maintaining our growth during this transition period is difficult.

As always, we appreciate all of your continued support here and for those of you following us on LinkedIn and sharing our news there. With the upcoming fundraise, we're not yet ready to share metrics so our apologies there. While we understand the desire for as much information as possible, all of our interest in the company is best served through a clean Series B process. We'll keep you posted. Thank you!

The AlphaFlow Team