Diligence memo · auto-generated · as of July 2, 2026
Cheddar Inc.
Cheddar Inc. has raised $45M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Cheddar Inc. operates in Fintech, based in NEW YORK. The Best Mobile Checking Account
Sub-sector tags: Fintech, Neobank.
Capital & rounds (filed)filed
Cheddar Inc. has raised $45M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $23M on 2018-03-14.
Most recent recorded round closed around 2018-03-14.
Valuation (modeled)modeled
Provath models Cheddar Inc. at approximately $709M (range $54M–$2.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 8.3 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 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Fintech peers (1063 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Razorpay, Inc., Yoco, CORD:USE Cord Blood Bank Inc.
Peoplefiled
7 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.