Companies · Fintech

Apto Payments, Inc.Summer 2014Acquired

SAN FRANCISCO · CA, USA · Fintech · refined from filed group “Other Technology · founded 2014 · https://www.aptopayments.com/

Diligence memoA one-page analyst read on Apto Payments, Inc. — recommendation, valuation, rhythm, risks.
$27.2M
Total raised · real
2
Rounds
3.9×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Tue Apr 12 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Apto Payments, Inc. looks fair 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.

Fair
  • Modeled value is 1.31× the median modeled value of Series B Fintech companies in 2022–2024 (14 peers) — value vs value, same stage and era.
  • Within the normal band (131% of peer median) for its niche.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

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

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Apto Payments, Inc. is one of 1063 Fintech companies tracked from SAN FRANCISCO, CA, USA, on record since 2014. By capital raised it ranks among the largest (ahead of 94% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

API platform for partners to issue branded debit and credit cards to…

Apto Payments provides a white-label, turnkey solution to launch innovative, user-first, card programs. Our technology empowers our customers to issue Visa and Mastercard, physical and virtual, card programs. We have both a developer-first, Instant Issuance Platform, as well as an enterprise solution for bespoke opportunities.

devtoolsfintech
Find Apto Payments, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2022-04-12
First sale
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$500MSeries A · 2018-10-22 Raised $5.6M (real) Modeled valuation $161M (est)$5.6M$161MSeries A2018Series B · 2022-04-12 Raised $22M (real) Modeled valuation $358M (est)$22M$358MSeries B2022+$22MCumulative $27M

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
Series A$5.6M · 2018
Series B$21.6M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$357.6M
Base estimate est.
$51.8M
Conservative case
$978.6M
Upside case
$119.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Series A · modeled $160.6M · 2018-10-222018Series B · modeled $357.6M · 2022-04-122022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 80% high
1.43×/yr
Annual markup
1.74×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
42 mo
Avg between rounds
$7.8M/yr
Capital velocity
7.7 yr
On record since
2018
First round
2
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) 6.3× above median
This company$27.2M
Sector median$4.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$21.6M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 7.9× above median
This company$357.6M
Sector median$45.0M

Raised more than 94% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 14.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)PayMongo Inc. · Series B Raised $45.8M · modeled $538.6M (est)Treasury Prime Inc. · Series B Raised $54.1M · modeled $490.4M (est)Advisor Credit Exchange, LLC · Series B Raised $31.3M · modeled $364.0M (est)Butter Payments, Inc. · Series B Raised $27.5M · modeled $360.1M (est)Nomba · Series B Raised $30.0M · modeled $339.9M (est)Forward Lending, Inc. · Series B Raised $55.8M · modeled $293.3M (est)Mozaic Payments, Inc. · Series B Raised $25.6M · modeled $250.7M (est)PayAll Payment Systems, Inc. · Series B Raised $17.2M · modeled $240.9M (est)Wealth, Inc./AZ · Series B Raised $29.1M · modeled $201.8M (est)Formance, Inc. · Series B Raised $25.1M · modeled $116.3M (est)Female Invest Inc. · Series B Raised $15.8M · modeled $115.7M (est)Apto Payments, Inc. (this company) Raised $27.2M · modeled $357.6M (est)Apto Payments, Inc.
CompanyStageRaised · realValue · estvs peer med.
PayMongo Inc.Series B$45.8M$538.6M1.98×
Treasury Prime Inc.Series B$54.1M$490.4M1.80×
Advisor Credit Exchange, LLCSeries B$31.3M$364.0M1.34×
Butter Payments, Inc.Series B$27.5M$360.1M1.32×
Apto Payments, Inc. this companySeries B$27.2M$357.6M1.31×
NombaSeries B$30.0M$339.9M1.25×
Forward Lending, Inc.Series B$55.8M$293.3M1.08×
Mozaic Payments, Inc.Series B$25.6M$250.7M0.92×
PayAll Payment Systems, Inc.Series B$17.2M$240.9M0.89×
Wealth, Inc./AZSeries B$29.1M$201.8M0.74×
Formance, Inc.Series B$25.1M$116.3M0.43×
Female Invest Inc.Series B$15.8M$115.7M0.43×
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.
Series A$5.6M2018-10-22$25.5M$160.6M90%
Series B$21.6M2022-04-12$119.8M$357.6M90%
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. Series A$5.6M2018-10-22
    • First recorded raise — entered as Series A.
    • 26 investors on this round.
  2. Series B$21.6M2022-04-12
    • Raised again after 42 mo — slower than the ~12 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~42mo cadence
$64.7M
Modeled next size est.range $42.1M$103.5M
3.9×
Last step-up
$7.8M/yr
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.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ben Hwa2018-10
GREG KIDD2018-10
MEGUMI NAKAMURA2018-10
Registry & provenance

Apto Payments, Inc. 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
US
Jurisdiction
1760257
SEC CIK
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
SafetyKit, Inc.FintechSeries B$27.2M$155.4Msame sector · same stage
Butter Payments, Inc.FintechSeries B$27.5M$360.1Msame sector · same stage
Mozaic Payments, Inc.FintechSeries B$25.6M$250.7Msame sector · same stage
Aside, Inc.FintechSeries B$29.0M$35.4Msame sector · same stage
Wealth, Inc./AZFintechSeries B$29.1M$201.8Msame sector · same stage
Formance, Inc.FintechSeries B$25.1M$116.3Msame sector · same stage
BankFive, MHCFintechSeries B$25.0M$526.1Msame sector · same stage
NombaFintechSeries B$30.0M$339.9Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Apto LLCOther TechnologySeed$40.9M78%
Paymento
Paymento, a Berlin-based embedded payments provider, has closed a €4.2 million Series A round led by Project A Ventures to expand across the DACH region.
FintechSeries A$26.1M77%
Apto, Inc.Other TechnologySeries A$138.7M76%
Paylo Pay LtdFintechSeed$9.7M76%
Bridgecard
Card issuer for Africa
FintechPre-Seed$6.9M75%
Payment Reservations, Inc.FintechSeries A$143.4M75%
Agentcard
debit cards for AI agents.
Fintech75%
Pier
Stripe for Credit - Trusted Credit Compliance Partner
Fintech75%
Frequently asked
How much funding has Apto Payments, Inc. raised?
Apto Payments, Inc. has raised approximately $27.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Apto Payments, Inc.'s estimated valuation?
Provath's modeled valuation for Apto Payments, Inc. is approximately $357.6M (modeled range $51.8M–$978.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Apto Payments, Inc. at?
Apto Payments, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Apr 12.
What does Apto Payments, Inc. do and where is it based?
Apto Payments, Inc. operates in the Fintech sector, based in SAN FRANCISCO, CA, USA. API platform for partners to issue branded debit and credit cards to…
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