LeaseSurance

Businessfiled

LeaseSurance operates in Fintech, 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.

Sub-sector tags: fintech, insurance, insurtech.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

LeaseSurance has raised $161K 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: $161K on 2023-08-31.

Most recent recorded round closed around 2023-08-31.

Valuation (modeled)modeled

Provath models LeaseSurance at approximately $1.2M (range $139K–$4.1M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.06× 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 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.

Comparablesmixed

Capital scale ranks ahead of 67% of Fintech peers (1063 compared).

Modeled value ranks above 67% of those peers.

Closest niche peers: Floatpays Inc, Sote, Inc., Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc..

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.