Diligence memo · auto-generated · as of July 2, 2026
KNCT Lending III, LLC
KNCT Lending III, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
KNCT Lending III, LLC operates in Fintech, based in CHICAGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
KNCT Lending III, LLC has raised $3.7M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.7M on 2023-02-21.
Most recent recorded round closed around 2023-02-21.
Valuation (modeled)modeled
Provath models KNCT Lending III, LLC at approximately $37M (range $3.2M–$140M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.66× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.4 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 81% of Fintech peers (1063 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Floatpays Inc, Sote, Inc., Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc..
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.