Companies · Fintech
Africa · Fintech
Diligence memoA one-page analyst read on Lemonade Finance — recommendation, valuation, rhythm, risks.→Lemonade Finance looks fair 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 fintech sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Lemonade Finance is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 72% 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.
The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale.
The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale.
As reported in public records reported — not modeled.
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.
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.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). 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.
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.
Raised more than 72% of sector peers (real $). Modeled value above 76% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #23 of 29.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Telda | Pre-Seed | $5.0M | $134.8M | 6.17× |
| Prospa | Pre-Seed | $3.8M | $86.2M | 3.95× |
| Kuda | Pre-Seed | $1.6M | $70.1M | 3.21× |
| Wapi Pay | Pre-Seed | $2.2M | $52.7M | 2.41× |
| Okra | Pre-Seed | $1.0M | $43.8M | 2.01× |
| Hypcloud Inc. | Pre-Seed | $936K | $41.0M | 1.88× |
| Chaka | Pre-Seed | $1.5M | $36.8M | 1.68× |
| Fintech. TV PBC | Pre-Seed | $840K | $35.1M | 1.61× |
| Cassbana | Pre-Seed | $1.0M | $32.6M | 1.49× |
| OnePipe | Pre-Seed | $950K | $32.2M | 1.47× |
| Aella Inc. | Pre-Seed | $655K | $28.7M | 1.31× |
| Ensibuuko | Pre-Seed | $1.0M | $27.5M | 1.26× |
| Lemonade Finance this company | Pre-Seed | $725K | $15.2M | 0.70× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $725K | 2021-11-01 | $4.0M | $15.2M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
Lemonade Finance is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Wealthblock Inc. | Fintech | Pre-Seed | $706K | $14.2M | same sector · same stage |
| Scale | Fintech | Pre-Seed | $700K | $2.9M | same sector · same stage |
| Yalla Xash | Fintech | Pre-Seed | $675K | $16.9M | same sector · same stage |
| Lipa Payments | Fintech | Pre-Seed | $660K | $11.6M | same sector · same stage |
| Aella Inc. | Fintech | Pre-Seed | $655K | $28.7M | same sector · same stage |
| PremierCredit | Fintech | Pre-Seed | $650K | $21.8M | same sector · same stage |
| LODE Payments International LLC | Fintech | Pre-Seed | $637K | $21.7M | same sector · same stage |
| Buoy Pay Inc. | Fintech | Pre-Seed | $634K | $9.9M | same sector · same stage |
See where Lemonade Finance sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at Lemonade Finance, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.
Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.