Companies · Fintech

Adumo

Africa · Fintech

Diligence memoA one-page analyst read on Adumo — recommendation, valuation, rhythm, risks.
$15.0M
Total raised · real
1
Rounds
Latest step-up
Top 10%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Mar 10 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Adumo looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.04× the median modeled value of Growth/Late Fintech companies in 2019–2021 (5 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.3 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

2 Investors
Where it sits in Fintech

Adumo is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks among the largest (ahead of 91% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

SA fintech startup Adumo raises $15m from IFC 0 By Tom Jackson on March 10, 2021 News , Southern Africa South African fintech startup Adumo has raised ZAR225 million (US$15 million) from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. Adumo is South Africa’s largest independent payments processor, offering a range of smart payment solutions to large multinational and independent retailers as well as entrepreneurs and informal traders.

SA fintech startup Adumo raises $15m from IFC 0 By Tom Jackson on March 10, 2021 News , Southern Africa South African fintech startup Adumo has raised ZAR225 million (US$15 million) from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. Adumo is South Africa’s largest independent payments processor, offering a range of smart payment solutions to large multinational and independent retailers as well as entrepreneurs and informal traders.

fintech

As reported in public records reported — not modeled.

ZA
Jurisdiction
2
Investors (latest)
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MGrowth/Late · 2021-03-10 Raised $15M (real) Modeled valuation $432M (est)$15M$432MGrowth/Late2021

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$15.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$431.7M
Base estimate est.
$112.3M
Conservative case
$732.6M
Upside case
$150.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
86%
Survival probability
75% low · 93% high
1.25×/yr
Annual markup
1.37×/yr upside case
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.3 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 3.5× above median
This company$15.0M
Sector median$4.3M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$15.0M
Sector median$155.9M
Modeled value — vs sector median (estimate, all stages) 9.6× above median
This company$431.7M
Sector median$45.0M

Raised more than 91% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #5 of 5.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$10.0M$100.0M$1.0B$10.0BCapital raised (log)Bill.com Holdings, Inc. · Growth/Late Raised $1.7B · modeled $46.3B (est)Rappi, Inc. · Growth/Late Raised $1.6B · modeled $13.3B (est)FTX Trading Ltd. · Growth/Late Raised $1.3B · modeled $10.4B (est)MNT-Halan · Growth/Late Raised $120.0M · modeled $3.1B (est)Adumo (this company) Raised $15.0M · modeled $431.7M (est)Adumo
CompanyStageRaised · realValue · estvs peer med.
Bill.com Holdings, Inc.Growth/Late$1.7B$46.3B4.44×
Rappi, Inc.Growth/Late$1.6B$13.3B1.27×
FTX Trading Ltd.Growth/Late$1.3B$10.4B1.00×
MNT-HalanGrowth/Late$120.0M$3.1B0.30×
Adumo this companyGrowth/Late$15.0M$431.7M0.04×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$15.0M2021-03-10$150.0M$431.7M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$15.0M2021-03-10
    • First recorded raise — entered as Growth/Late.
    • 2 investors on this round.
Intelligence
Modeled next raise
$24.0M
Modeled next size est.range $15.6M$38.4M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Adumo is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
ZA
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
ZoonaFintechSeries A$15.0M$430.1Msame sector
Hash Payments Holding, Ltd.FintechSeries A$15.0M$128.6Msame sector
Honeycomb Credit Inc.FintechSeries A$14.8M$3.1Msame sector
Bite Ninja, Inc.FintechSeries A$15.4M$164.7Msame sector
Humi Holdings Corp.FintechSeries A$14.6M$71.4Msame sector
Trading.TV, Inc.FintechSeries A$15.5M$6.1Msame sector
Mocho Trading LlcFintechSeries A$14.4M$414.4Msame sector
LFG Payments, Inc.FintechSeries A$14.3M$57.2Msame sector
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
IFC Financial Institutions Growth FundGrowth/Late55%
World Bank GroupGrowth/Late55%
Frequently asked
How much funding has Adumo raised?
Adumo has raised approximately $15.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Adumo's estimated valuation?
Provath's modeled valuation for Adumo is approximately $431.7M (modeled range $112.3M–$732.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Adumo at?
Adumo's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Mar 10.
What does Adumo do and where is it based?
Adumo operates in the Fintech sector, based in Africa. SA fintech startup Adumo raises $15m from IFC 0 By Tom Jackson on March 10, 2021 News , Southern Africa South African fintech startup Adumo has raised ZAR225 million (US$15 million) from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. Adumo is South Africa’s largest independent payments processor, offering a range of smart payment solutions to large multinational and independent retailers as well as entrepreneurs and informal traders.
Explore related

See where Adumo sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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