Companies · Mobility / Logistics

Kwik

Africa · Mobility / Logistics

Diligence memoA one-page analyst read on Kwik — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
1
Rounds
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Fri Mar 25 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Kwik looks under-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 mobility sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.42× the median modeled value of Series A Mobility / Logistics companies in 2022–2024 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 10 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Mobility / Logistics

Kwik is one of 431 Mobility / Logistics companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 79% 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.

Nigerian logistics startup Kwik has raised a US$2 million Series A funding round as it steps up expansion to digitise informal African trade, from logistics to financial services.

Nigerian logistics startup Kwik has raised a US$2 million Series A funding round as it steps up expansion to digitise informal African trade, from logistics to financial services.

mobility

As reported in public records reported — not modeled.

NG
Jurisdiction
Amount raised vs valuation, by round

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MSeries A · 2022-03-25 Raised $2.0M (real) Modeled valuation $16M (est)$2.0M$16MSeries A2022

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.

Financing ladder & sequence gaps
Series A$2.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$16.2M
Base estimate est.
$2.5M
Conservative case
$59.1M
Upside case
$9.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the mobility sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.35×/yr
Annual markup
1.70×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
mobility
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.3 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 431 companies in Mobility / Logistics. 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.

Total raised — vs sector median (real $, all stages) 0.5× of median
This company$2.0M
Sector median$4.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$2.0M
Sector median$7.0M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$16.2M
Sector median$24.2M

Raised more than 79% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #14 of 15.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Naqla · Series A Raised $10.5M · modeled $86.2M (est)Forum Mobility, Inc. · Series A Raised $12.7M · modeled $82.3M (est)Hip Mobility, Inc. · Series A Raised $12.9M · modeled $75.3M (est)eFuse, Inc. · Series A Raised $10.3M · modeled $74.9M (est)Nyc Ev Mobility Llc · Series A Raised $8.0M · modeled $66.5M (est)Global Dot Logistics, Inc · Series A Raised $10.0M · modeled $59.1M (est)YFS · Series A Raised $7.0M · modeled $59.1M (est)PAPS · Series A Raised $4.5M · modeled $38.4M (est)Carpool Logistics, Inc. · Series A Raised $12.7M · modeled $37.7M (est)Ev-Petrol Inc · Series A Raised $7.5M · modeled $33.6M (est)Spring Free EV, Inc. · Series A Raised $15.7M · modeled $22.1M (est)Bey National Transportation Logistics Inc. · Series A Raised $5.0M · modeled $21.9M (est)Kwik (this company) Raised $2.0M · modeled $16.2M (est)Kwik
CompanyStageRaised · realValue · estvs peer med.
NaqlaSeries A$10.5M$86.2M2.24×
Forum Mobility, Inc.Series A$12.7M$82.3M2.15×
Hip Mobility, Inc.Series A$12.9M$75.3M1.96×
eFuse, Inc.Series A$10.3M$74.9M1.95×
Nyc Ev Mobility LlcSeries A$8.0M$66.5M1.73×
Global Dot Logistics, IncSeries A$10.0M$59.1M1.54×
YFSSeries A$7.0M$59.1M1.54×
PAPSSeries A$4.5M$38.4M1.00×
Carpool Logistics, Inc.Series A$12.7M$37.7M0.98×
Ev-Petrol IncSeries A$7.5M$33.6M0.88×
Spring Free EV, Inc.Series A$15.7M$22.1M0.58×
Bey National Transportation Logistics Inc.Series A$5.0M$21.9M0.57×
Kwik this companySeries A$2.0M$16.2M0.42×
Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$2.0M2022-03-25$9.1M$16.2M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$2.0M2022-03-25
    • First recorded raise — entered as Series A.
Intelligence
Modeled next raise
$3.2M
Modeled next size est.range $2.1M$5.1M
Last step-up
Capital velocity

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.

Registry & provenance

Kwik is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
NG
Jurisdiction
Similar companies

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.

CompanySectorStageRaised · realValue · estWhy similar
Torch Logistics, Inc.Mobility / LogisticsSeries A$4.1M$48.4Msame sector · same stage
Fetii IncMobility / LogisticsSeries A$4.5M$20.0Msame sector · same stage
PAPSMobility / LogisticsSeries A$4.5M$38.4Msame sector · same stage
Bey National Transportation Logistics Inc.Mobility / LogisticsSeries A$5.0M$21.9Msame sector · same stage
Pegasus Digital Mobility Sponsor LLCMobility / LogisticsSeed$2.0M$20.5Msame sector
American AI Logistics, Inc.Mobility / LogisticsSeries A$5.7M$18.5Msame sector · same stage
Applied Mobility Devices, LLCMobility / LogisticsSeries A$6.1M$27.5Msame sector · same stage
1-10 Logistics Center, LLCMobility / LogisticsSeries A$6.2M$72.3Msame sector · same stage
Frequently asked
How much funding has Kwik raised?
Kwik has raised approximately $2.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Kwik's estimated valuation?
Provath's modeled valuation for Kwik is approximately $16.2M (modeled range $2.5M–$59.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Kwik at?
Kwik's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Mar 25.
What does Kwik do and where is it based?
Kwik operates in the Mobility / Logistics sector, based in Africa. Nigerian logistics startup Kwik has raised a US$2 million Series A funding round as it steps up expansion to digitise informal African trade, from logistics to financial services.
Explore related

See where Kwik sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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