Diligence memo · auto-generated · as of July 2, 2026
Kwik
Kwik looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Kwik operates in Mobility / Logistics, 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.
Sub-sector tags: mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Kwik has raised $2.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $2.0M on 2022-03-25.
Most recent recorded round closed around 2022-03-25.
Valuation (modeled)modeled
Provath models Kwik at approximately $16M (range $2.5M–$59M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 79% of Mobility / Logistics peers (431 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Naqla, Forum Mobility, Inc., Hip Mobility, Inc., eFuse, Inc., Nyc Ev Mobility Llc.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.