Diligence memo · auto-generated · as of July 2, 2026
Earnipay
Earnipay looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Earnipay operates in Fintech, based in Africa. Nigerian fintech startup Earnipay, which provides flexible and on-demand salary access to income-earners, has closed a seed round of US$4 million to scale its offering.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Earnipay has raised $4.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $4.0M on 2022-02-18.
Most recent recorded round closed around 2022-02-18.
Valuation (modeled)modeled
Provath models Earnipay at approximately $64M (range $3.5M–$322M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.90× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.4 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 83% of Fintech peers (1063 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Floatpays Inc, Sote, Inc., Pink Swan Trading, Inc., Tweed Payments Inc., Coverage Cat Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.