Companies · Fintech
Africa · Fintech
Diligence memoA one-page analyst read on IroFit — recommendation, valuation, rhythm, risks.→IroFit has raised $600K over 1 round; too few niche peers to rank its valuation yet.
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.
IroFit is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 71% 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.
Mobile payments startup IroFit raises $600k seed funding 0 By Tom Jackson on November 11, 2014 Startups , West Africa Nigerian-Finnish mobile payments startup IroFit has raised US$600,000 in the seed funding in a round led by Nordic early stage venture capital (VC) firm Inventure, which the company
Mobile payments startup IroFit raises $600k seed funding 0 By Tom Jackson on November 11, 2014 Startups , West Africa Nigerian-Finnish mobile payments startup IroFit has raised US$600,000 in the seed funding in a round led by Nordic early stage venture capital (VC) firm Inventure, which the company
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 71% of sector peers (real $). Modeled value above 77% of peers (estimate).
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 | $600K | 2014-11-11 | $3.0M | $21.1M | 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.
IroFit 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 |
|---|---|---|---|---|---|
| Zanifu | Fintech | Seed | $1.0M | $16.5M | same sector · same stage |
| MarketForce | Fintech | Seed | $350K | $12.3M | same sector · same stage |
| Alternative Circle | Fintech | Seed | $1.1M | $38.7M | same sector · same stage |
| Revio | Fintech | Seed | $1.1M | $12.1M | same sector · same stage |
| Franc | Fintech | Seed | $300K | $10.5M | same sector · same stage |
| INVIA | Fintech | Seed | $1.2M | $2.5M | same sector · same stage |
| Kayko | Fintech | Seed | $1.2M | $3.0M | same sector · same stage |
| Wealthramp, Inc. | Fintech | Seed | $1.4M | $4.3M | same sector · same stage |
See where IroFit sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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