Companies · Other

BIB Merchant Voucher Receivables Ltd

GRAND CAYMAN · Other

Diligence memoA one-page analyst read on BIB Merchant Voucher Receivables Ltd — recommendation, valuation, rhythm, risks.
$750.0M
Total raised · real
2
Rounds
1.1×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Mar 19 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

BIB Merchant Voucher Receivables Ltd looks over-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.

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

Over-valued
  • Modeled value is 3.18× the median modeled value of Series D+ Other companies in 2016–2018 (88 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.3 yr ago; this sector typically re-raises about every 11 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 Other

BIB Merchant Voucher Receivables Ltd is one of 25015 Other companies tracked from GRAND CAYMAN. By capital raised it ranks among the largest (ahead of 100% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(c)
Reg D exemption
46
Investors (latest)
2017
Year incorporated
2018-03-19
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$2.5B$5.0B$7.5B$10.0BSeries D+ · 2017-02-22 Raised $350M (real) Modeled valuation $6.0B (est)$350M$6.0BSeries D+2017Series D+ · 2018-03-19 Raised $400M (real) Modeled valuation $6.9B (est)$400M$6.9BSeries D+2018+$400MCumulative $750M

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 D+$350.0M · 2017
Series D+ extension$400.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$6.9B
Base estimate est.
$2.3B
Conservative case
$15.1B
Upside case
$3.3B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series D+ · modeled $6.0B · 2017-02-222017Series D+ · modeled $6.9B · 2018-03-192018
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
8.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$702.4M/yr
Capital velocity
9.4 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 367× above median
This company$750.0M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 3.2× above median
This company$400.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 391× above median
This company$6.9B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #2 of 88.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Beacon Roofing Supply Inc · Series D+ Raised $696.1M · modeled $6.9B (est)Marlin9 Holdings, Inc. · Series D+ Raised $389.5M · modeled $6.7B (est)Crackle Holdings, L.P. · Series D+ Raised $387.2M · modeled $6.7B (est)Optimize Topco, Inc. · Series D+ Raised $372.0M · modeled $6.4B (est)Transportation Insight Topco, L.P. · Series D+ Raised $369.9M · modeled $6.4B (est)PT Holdings, LLC · Series D+ Raised $358.1M · modeled $6.2B (est)Blue Star Parent, L.P. · Series D+ Raised $326.2M · modeled $5.6B (est)Elo Investors, L.P. · Series D+ Raised $317.4M · modeled $5.5B (est)Alera Group Holdings, Inc. · Series D+ Raised $282.5M · modeled $4.9B (est)Panda Holdco Llc · Series D+ Raised $281.1M · modeled $4.9B (est)Millennium Park Topco, LLC · Series D+ Raised $604.4M · modeled $4.4B (est)BIB Merchant Voucher Receivables Ltd (this company) Raised $750.0M · modeled $6.9B (est)BIB Merchant Voucher Receivables Ltd
CompanyStageRaised · realValue · estvs peer med.
Beacon Roofing Supply IncSeries D+$696.1M$6.9B3.18×
BIB Merchant Voucher Receivables Ltd this companySeries D+$750.0M$6.9B3.18×
Marlin9 Holdings, Inc.Series D+$389.5M$6.7B3.09×
Crackle Holdings, L.P.Series D+$387.2M$6.7B3.07×
Optimize Topco, Inc.Series D+$372.0M$6.4B2.95×
Transportation Insight Topco, L.P.Series D+$369.9M$6.4B2.94×
PT Holdings, LLCSeries D+$358.1M$6.2B2.84×
Blue Star Parent, L.P.Series D+$326.2M$5.6B2.59×
Elo Investors, L.P.Series D+$317.4M$5.5B2.52×
Alera Group Holdings, Inc.Series D+$282.5M$4.9B2.24×
Panda Holdco LlcSeries D+$281.1M$4.9B2.23×
Millennium Park Topco, LLCSeries D+$604.4M$4.4B2.04×
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.
Series D+$350.0M2017-02-22$2.9B$6.0B90%
Series D+$400.0M2018-03-19$3.3B$6.9B90%
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 D+$350.0M2017-02-22
    • First recorded raise — entered as Series D+.
    • 44 investors on this round.
  2. Series D+$400.0M2018-03-19
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 46 investors on this round.
Intelligence
2019 ~Q2
Modeled next raise · ~13mo cadence
$457.1M
Modeled next size est.range $400.0M$731.4M
1.1×
Last step-up
$702.4M/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
Laura Chisholm1 other2017-02
Mora Goddard1 other2017-02
Registry & provenance

BIB Merchant Voucher Receivables Ltd 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
1699757
SEC CIK
2017
Incorporated
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
BIB Central American Card Receivables LtdOtherGrowth/Late$700.0M$12.4Bnetwork2 shared operators · same sector
Freenome Holdings, Inc.OtherSeries D+$750.6M$3.4Bsame sector · same stage
Bolt Financial, Inc.OtherSeries D+$756.7M$3.5Bsame sector · same stage
Sun Life Assurance CO of Canada (US) Variable Account SOtherSeries D+$784.0M$5.2Bsame sector · same stage
Campaign Monitor Holdings (UK) LtdOtherSeries D+$800.9M$6.9Bsame sector · same stage
Beacon Roofing Supply IncOtherSeries D+$696.1M$6.9Bsame sector · same stage
Harry's, Inc.OtherSeries D+$692.7M$1.9Bsame sector · same stage
Curaleaf Holdings, Inc.OtherSeries D+$691.1M$2.6Bsame 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
BIB Central American Card Receivables LtdOtherGrowth/Late$12.4B88%
Bia LtdOtherSeries B$165.2M82%
Bitfarms LtdOtherSeries C$381.5M81%
UBS Financial Investment Management LtdOtherSeries A$92.8M81%
RewardStock, Inc.OtherPre-Seed$7.4M80%
SCB Global Java Holdings, LLCOtherSeed$31.8M80%
EMONEYHUB LtdOtherSeries A$99.9M80%
Prepaid2Cash Holdings, Inc.OtherSeries A$78.1M80%
Frequently asked
How much funding has BIB Merchant Voucher Receivables Ltd raised?
BIB Merchant Voucher Receivables Ltd has raised approximately $750.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is BIB Merchant Voucher Receivables Ltd's estimated valuation?
Provath's modeled valuation for BIB Merchant Voucher Receivables Ltd is approximately $6.9B (modeled range $2.3B–$15.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is BIB Merchant Voucher Receivables Ltd at?
BIB Merchant Voucher Receivables Ltd's latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Mar 19.
What does BIB Merchant Voucher Receivables Ltd do and where is it based?
BIB Merchant Voucher Receivables Ltd operates in the Other sector, based in GRAND CAYMAN.
Explore related

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