Companies · Fintech
Ivory Coast · Africa · Fintech
Diligence memoA one-page analyst read on CinetPay — recommendation, valuation, rhythm, risks.→CinetPay 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.
CinetPay is one of 1063 Fintech companies tracked from Ivory Coast, Africa. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
Ivory Coast-based startup CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has raised a US$2.4 million seed funding round from 4DX Ventures and Flutterwave to boost its sales and marketing efforts across nine markets in West an
Ivory Coast-based startup CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has raised a US$2.4 million seed funding round from 4DX Ventures and Flutterwave to boost its sales and marketing efforts across nine markets in West and Central Africa.
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 — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M 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 78% of sector peers (real $). Modeled value above 82% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #22 of 34.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Paymob | Seed | $3.5M | $116.7M | 2.39× |
| Alude Holdings Ltd. | Seed | $3.3M | $110.6M | 2.27× |
| Stitch | Seed | $4.0M | $102.5M | 2.10× |
| Chari | Seed | $5.0M | $95.2M | 1.95× |
| Diool | Seed | $3.5M | $89.7M | 1.84× |
| Planet42 | Seed | $2.4M | $84.5M | 1.73× |
| Fan Payment Solutions LP | Seed | $2.1M | $74.0M | 1.52× |
| Indicina, Inc. | Seed | $4.5M | $73.6M | 1.51× |
| Kwara | Seed | $4.0M | $70.0M | 1.44× |
| Workpay | Seed | $2.1M | $69.8M | 1.43× |
| Allied Payment Network Inc. | Seed | $9.1M | $65.9M | 1.35× |
| NowPay | Seed | $2.1M | $64.5M | 1.32× |
| CinetPay this company | Seed | $2.4M | $42.0M | 0.86× |
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. |
|---|---|---|---|---|---|
| Seed | $2.4M | 2021-12-09 | $12.0M | $42.0M | 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.
CinetPay 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 |
|---|---|---|---|---|---|
| Quanta Credit Services, Inc. | Fintech | Seed | $2.4M | $4.3M | same sector · same stage |
| Fintech Global Markets, Inc. | Fintech | Seed | $2.4M | $82.8M | same sector · same stage |
| Campfire, Inc. | Fintech | Seed | $2.5M | $56.7M | same sector · same stage |
| Numida | Fintech | Seed | $2.3M | $55.3M | same sector · same stage |
| Monet Holdings Ltd | Fintech | Seed | $2.5M | $9.3M | same sector · same stage |
| Cascade Financial Technology Corp | Fintech | Seed | $2.6M | $39.3M | same sector · same stage |
| PayHippo, Inc. | Fintech | Seed | $2.2M | $24.6M | same sector · same stage |
| Fan Payment Solutions LP | Fintech | Seed | $2.1M | $74.0M | same sector · same stage |
See where CinetPay sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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