Diligence memo · auto-generated · as of July 2, 2026
FairMoney
FairMoney looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
FairMoney operates in Fintech, based in Africa. 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.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
FairMoney has raised $42M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $42M on 2021-07-05.
Most recent recorded round closed around 2021-07-05.
Valuation (modeled)modeled
Provath models FairMoney at approximately $919M (range $101M–$2.9B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.64× the median modeled value of Series B Fintech companies in 2019–2021 (11 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5.0 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 96% of Fintech peers (1063 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: LEADER SKY TRADING Ltd, Fintual, Inc., True Payments Holdings, Warren Payments, Inc., Alphaeon Credit HoldCo LLC.
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.