Diligence memo · auto-generated · as of July 3, 2026
Accounts Receivable Investment Associates, LLC
Accounts Receivable Investment Associates, LLC looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Accounts Receivable Investment Associates, LLC operates in Business Services, based in SOUTH BEND.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Accounts Receivable Investment Associates, LLC has raised $30M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on —.
Valuation (modeled)modeled
Provath models Accounts Receivable Investment Associates, LLC at approximately $96M (range $64M–$118M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.36× the median modeled value of Series B Business Services companies (133 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
No dated round to assess.
The last round was 5.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Business Services peers (2439 compared).
Modeled value ranks above 86% of those peers.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.