Companies · Fintech
Africa · Fintech
Diligence memoA one-page analyst read on FairMoney — recommendation, valuation, rhythm, risks.→FairMoney 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. 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.
FairMoney is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks among the largest (ahead of 96% 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.
Nigeria-based credit-led neobank FairMoney, which aims to give underbanked people access to digital financial services, has raised US$42 million in Series B funding as it begins to expand into other emerging markets.
Nigeria-based credit-led neobank FairMoney, which aims to give underbanked people access to digital financial services, has raised US$42 million in Series B funding as it begins to expand into other emerging markets.
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, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M 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 96% of sector peers (real $). Modeled value above 97% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 11.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| LEADER SKY TRADING Ltd | Series B | $38.5M | $1.2B | 2.16× |
| FairMoney this company | Series B | $42.0M | $918.5M | 1.64× |
| Fintual, Inc. | Series B | $38.5M | $752.5M | 1.34× |
| True Payments Holdings | Series B | $37.0M | $732.8M | 1.31× |
| Warren Payments, Inc. | Series B | $35.5M | $719.7M | 1.28× |
| Alphaeon Credit HoldCo LLC | Series B | $19.5M | $560.9M | 1.00× |
| BankFive, MHC | Series B | $25.0M | $526.1M | 0.94× |
| Students of Wealth, Inc. | Series B | $23.9M | $470.3M | 0.84× |
| AZA Finance | Series B | $20.0M | $464.0M | 0.83× |
| Veryfi, Inc. | Series B | $18.8M | $456.2M | 0.81× |
| Credit Sesame, Inc. | Series B | $44.8M | $415.6M | 0.74× |
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. |
|---|---|---|---|---|---|
| Series B | $42.0M | 2021-07-05 | $233.3M | $918.5M | 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.
FairMoney 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 |
|---|---|---|---|---|---|
| Axiom, Inc. | Fintech | Series B | $41.4M | $89.9M | same sector · same stage |
| Cheddar Inc. | Fintech | Series B | $44.5M | $708.9M | same sector · same stage |
| Credit Sesame, Inc. | Fintech | Series B | $44.8M | $415.6M | same sector · same stage |
| Fintual, Inc. | Fintech | Series B | $38.5M | $752.5M | same sector · same stage |
| PayMongo Inc. | Fintech | Series B | $45.8M | $538.6M | same sector · same stage |
| LEADER SKY TRADING Ltd | Fintech | Series B | $38.5M | $1.2B | same sector · same stage |
| Shift4 Payments, Inc. | Fintech | Series B | $38.5M | $14.9M | same sector · same stage |
| Djamo Inc. | Fintech | Series B | $46.6M | $96.4M | same sector · same stage |
See where FairMoney sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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