Companies · Fintech

LeaseSurance

Africa · Fintech

Diligence memoA one-page analyst read on LeaseSurance — recommendation, valuation, rhythm, risks.→
$161K
Total raised · real
1
Rounds
—
Latest step-up
Top 34%
Sector rank · raised
Seed
Latest stage · inferred · Thu Aug 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

LeaseSurance looks under-valued against its niche peers and is at-risk on financing cadence.

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.

Under-valued
  • Modeled value is 0.06× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.8 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.
Leadership

No named principal in this company's public records yet — see all operators below.

1 Investor
Where it sits in Fintech

LeaseSurance is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks mid-pack (ahead of 67% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

SA insurtech startup LeaseSurance raises $161k seed funding to drive growth, innovation 0 By Tom Jackson on August 31, 2023 News , Southern Africa South African insurtech startup LeaseSurance has raised ZAR3 million (US$161,0000 in seed funding to expand its team and further develop cutting-edge technology solutions for the real estate industry. LeaseSurance uses financial technology to optimise assets in rental real estate by replacing security deposits with lease insurance.

SA insurtech startup LeaseSurance raises $161k seed funding to drive growth, innovation 0 By Tom Jackson on August 31, 2023 News , Southern Africa South African insurtech startup LeaseSurance has raised ZAR3 million (US$161,0000 in seed funding to expand its team and further develop cutting-edge technology solutions for the real estate industry. LeaseSurance uses financial technology to optimise assets in rental real estate by replacing security deposits with lease insurance.

fintechinsuranceinsurtech

As reported in public records reported — not modeled.

ZA
Jurisdiction
1
Investors (latest)
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$500K$1.0M$1.5M$2.0MSeed · 2023-08-31 Raised $161K (real) Modeled valuation $1.2M (est)$161K$1.2MSeed2023

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
Seed$161K · 2023

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%.

Modeled valuation trajectory
$1.2M
Base estimate est.
$139K
Conservative case
$4.1M
Upside case
$805K
Modeled post-money

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.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 60% high
1.62×/yr
Annual markup
2.13×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
2.8 yr
On record since
2023
First round
1
Rounds on file
How it compares to the market

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.

Total raised — vs sector median (real $, all stages)▼ 0.0× of median
This company$161K
Sector median$4.3M
Latest round — vs other Seed rounds in sector (real $, this stage)▼ 0.1× of median
This company$161K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages)▼ 0.0× of median
This company$1.2M
Sector median$45.0M

Raised more than 67% of sector peers (real $). Modeled value above 67% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #52 of 53.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0M$100.0MCapital raised (log)Floatpays Inc · Seed Raised $4.0M · modeled $65.7M (est)Sote, Inc. · Seed Raised $11.3M · modeled $65.5M (est)Earnipay · Seed Raised $4.0M · modeled $63.7M (est)Pink Swan Trading, Inc. · Seed Raised $3.3M · modeled $55.7M (est)Tweed Payments Inc. · Seed Raised $4.0M · modeled $53.7M (est)Coverage Cat Inc. · Seed Raised $4.0M · modeled $52.7M (est)Remedial Health · Seed Raised $4.4M · modeled $52.7M (est)Duplo · Seed Raised $4.3M · modeled $52.6M (est)Flash · Seed Raised $6.0M · modeled $48.3M (est)Mobie Payments, Inc. · Seed Raised $3.0M · modeled $47.0M (est)BluePenguin Payments Inc. · Seed Raised $3.2M · modeled $45.5M (est)ImaliPay · Seed Raised $3.0M · modeled $44.6M (est)LeaseSurance (this company) Raised $161K · modeled $1.2M (est)LeaseSurance
CompanyStageRaised · realValue · estvs peer med.
Floatpays IncSeed$4.0M$65.7M2.99×
Sote, Inc.Seed$11.3M$65.5M2.98×
EarnipaySeed$4.0M$63.7M2.90×
Pink Swan Trading, Inc.Seed$3.3M$55.7M2.53×
Tweed Payments Inc.Seed$4.0M$53.7M2.44×
Coverage Cat Inc.Seed$4.0M$52.7M2.40×
Remedial HealthSeed$4.4M$52.7M2.40×
DuploSeed$4.3M$52.6M2.39×
FlashSeed$6.0M$48.3M2.19×
Mobie Payments, Inc.Seed$3.0M$47.0M2.14×
BluePenguin Payments Inc.Seed$3.2M$45.5M2.07×
ImaliPaySeed$3.0M$44.6M2.03×
LeaseSurance this companySeed$161K$1.2M0.06×
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.
Seed$161K2023-08-31$805K$1.2M45%
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. Seed$161K2023-08-31
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
Intelligence
—
Modeled next raise
$258K
Modeled next size est.range $167K–$412K
—
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

LeaseSurance 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
ZA
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
HizoFintechSeed$100K$315Ksame sector · same stage
OZE, Inc.FintechSeed$911K—same sector · same stage
Wealthmeup Inc.FintechPre-Seed$135K$509Ksame sector
Circuit Pay, Inc.FintechPre-Seed$200K$730Ksame sector
White Wolf Private Credit Partners LLCFintechSeed$2.8M$1.2Msame sector · same stage
Gaingels Nova Credit LLCFintechPre-Seed$112K$361Ksame sector
Low Tide Private Lending, LLCFintechSeed$6.2M$1.0Msame sector · same stage
Generational Wealth Partners, LLCFintechPre-Seed$250K$2.0Msame sector
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
Fedgroup Private CapitalSeed55%
Frequently asked
How much funding has LeaseSurance raised?
LeaseSurance has raised approximately $161K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is LeaseSurance's estimated valuation?
Provath's modeled valuation for LeaseSurance is approximately $1.2M (modeled range $139K–$4.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LeaseSurance at?
LeaseSurance's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Aug 31.
What does LeaseSurance do and where is it based?
LeaseSurance operates in the Fintech sector, based in Africa. SA insurtech startup LeaseSurance raises $161k seed funding to drive growth, innovation 0 By Tom Jackson on August 31, 2023 News , Southern Africa South African insurtech startup LeaseSurance has raised ZAR3 million (US$161,0000 in seed funding to expand its team and further develop cutting-edge technology solutions for the real estate industry. LeaseSurance uses financial technology to optimise assets in rental real estate by replacing security deposits with lease insurance.
Explore related

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

FintechFinance & CapitalSeed companies
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