Diligence memo · auto-generated · as of July 2, 2026
Epay Systems, Inc
Epay Systems, Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Epay Systems, Inc operates in Other, based in CHICAGO.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Epay Systems, Inc has raised $4.3M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.1M on 2009-11-17.
Most recent recorded round closed around 2013-02-21.
Valuation (modeled)modeled
Provath models Epay Systems, Inc at approximately $22M (range $1.1M–$175M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.69× the median modeled value of Seed Other companies in 2013–2015 (998 peers) — value vs value, same stage and era. Within the normal band (69% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 13.4 yr ago; this sector typically re-raises about every 11 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 63% of Other peers (25015 compared).
Modeled value ranks above 56% of those peers.
Closest niche peers: Bodri Capital Management, LLC, as Trustee under that certain Declaration of Trust dated December 17, 2015, 76826774, Llc, 76826773, Llc, 76826772, Llc, EW Investor, LLC.
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.