Companies · Fintech
Kenya · Africa · Fintech
Diligence memoA one-page analyst read on AZA Finance — recommendation, valuation, rhythm, risks.→AZA Finance 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.
AZA Finance is one of 1063 Fintech companies tracked from Kenya, Africa. By capital raised it ranks among the largest (ahead of 93% 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.
Kenya’s AZA Finance raises $20m additional funding, makes 2nd acquisition to expand into SA 0 By Tom Jackson on May 6, 2021 East Africa , News , Southern Africa Kenya-based fintech startup AZA Finance has taken on additional funding of US$20 million over the last 18 months, and has now expanded into South Africa with the acquisition of cross-border payments specialist Exchange4Free. AZA Finance is an established provider of currency trading solutions that expand global access to frontier markets through an innovative API and web infrastructure.
Kenya’s AZA Finance raises $20m additional funding, makes 2nd acquisition to expand into SA 0 By Tom Jackson on May 6, 2021 East Africa , News , Southern Africa Kenya-based fintech startup AZA Finance has taken on additional funding of US$20 million over the last 18 months, and has now expanded into South Africa with the acquisition of cross-border payments specialist Exchange4Free. AZA Finance is an established provider of currency trading solutions that expand global access to frontier markets through an innovative API and web infrastructure.
As reported in public records reported — not modeled.
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.
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.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). 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.
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.
Raised more than 93% of sector peers (real $). Modeled value above 96% of peers (estimate).
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 #9 of 11.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| LEADER SKY TRADING Ltd | Series B | $38.5M | $1.2B | 2.16× |
| FairMoney | Series B | $42.0M | $919.4M | 1.64× |
| Fintual, Inc. | Series B | $38.5M | $753.3M | 1.34× |
| True Payments Holdings | Series B | $37.0M | $733.6M | 1.31× |
| Warren Payments, Inc. | Series B | $35.5M | $720.4M | 1.28× |
| Alphaeon Credit HoldCo LLC | Series B | $19.5M | $561.5M | 1.00× |
| BankFive, MHC | Series B | $25.0M | $526.6M | 0.94× |
| Students of Wealth, Inc. | Series B | $23.9M | $470.8M | 0.84× |
| AZA Finance this company | Series B | $20.0M | $464.5M | 0.83× |
| Veryfi, Inc. | Series B | $18.8M | $456.6M | 0.81× |
| Credit Sesame, Inc. | Series B | $44.8M | $415.6M | 0.74× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $20.0M | 2021-05-06 | $111.1M | $464.5M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
AZA Finance is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| LAGO Apex Credit Corp | Fintech | Series B | $20.0M | $107.1M | same sector · same stage |
| Sage Lending, LLC | Fintech | Series B | $20.0M | $85.2M | same sector · same stage |
| Alphaeon Credit HoldCo LLC | Fintech | Series B | $19.5M | $561.5M | same sector · same stage |
| CORD:USE Cord Blood Bank Inc | Fintech | Series B | $19.4M | $7.9M | same sector · same stage |
| Lula | Fintech | Series B | $21.0M | $88.0M | same sector · same stage |
| Veryfi, Inc. | Fintech | Series B | $18.8M | $456.6M | same sector · same stage |
| Saturn Fintech, Inc. | Fintech | Series B | $17.2M | $82.8M | same sector · same stage |
| PayAll Payment Systems, Inc. | Fintech | Series B | $17.2M | $241.1M | same sector · same stage |
See where AZA Finance sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at AZA Finance, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.
Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.