Diligence memo · auto-generated · as of July 2, 2026
Kappa Pay Inc.
Kappa Pay Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Kappa Pay Inc. operates in Fintech, based in Boston.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Kappa Pay Inc. has raised $11M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.7M on 2024-03-27.
Most recent recorded round closed around 2024-03-27.
Valuation (modeled)modeled
Provath models Kappa Pay Inc. at approximately $53M (range $11M–$122M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.83× the median modeled value of Series A Fintech companies in 2022–2024 (32 peers) — value vs value, same stage and era. Within the normal band (83% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 31 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 4.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Fintech peers (1063 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Thndr, Peach Payments, Bite Ninja, Inc., Kinside Inc., Plerk Holdings LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.