Diligence memo · auto-generated · as of July 2, 2026
Lemonade Finance
Lemonade Finance looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Lemonade Finance operates in Fintech, based in Africa. The Y Combinator-backed Nigerian fintech startup Lemonade Finance has raised a US$725,000 pre-seed funding round to help it scale.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lemonade Finance has raised $725K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $725K on 2021-11-01.
Most recent recorded round closed around 2021-11-01.
Valuation (modeled)modeled
Provath models Lemonade Finance at approximately $15M (range $464K–$115M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.70× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era. Within the normal band (70% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 4.7 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 72% of Fintech peers (1063 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Telda, Prospa, Kuda, Wapi Pay, Okra.
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.