Diligence memo · auto-generated · as of July 2, 2026
Apto Payments, Inc.
Apto Payments, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Apto Payments, Inc. operates in Fintech, based in SAN FRANCISCO, CA, USA. API platform for partners to issue branded debit and credit cards to…
Sub-sector tags: devtools, fintech.
Capital & rounds (filed)filed
Apto Payments, Inc. has raised $27M 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: $22M on 2022-04-12.
Most recent recorded round closed around 2022-04-12.
Valuation (modeled)modeled
Provath models Apto Payments, Inc. at approximately $358M (range $52M–$980M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 42 months.
Last raise 4.2 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Fintech peers (1063 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: PayMongo Inc., Treasury Prime Inc., Advisor Credit Exchange, LLC, Butter Payments, Inc., Nomba.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.