Companies · Fintech

Lipa Payments

Africa · Fintech · founded 2019

Diligence memoA one-page analyst read on Lipa Payments — recommendation, valuation, rhythm, risks.
$660K
Total raised · real
1
Rounds
Latest step-up
Top 30%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Feb 24 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Lipa Payments looks over-valued 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.

Over-valued
  • Modeled value is 1.83× the median modeled value of Pre-Seed Fintech companies in 2022–2024 (31 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.4 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.
Leadership

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

2 Investors
Where it sits in Fintech

Lipa Payments is one of 1063 Fintech companies tracked from Africa, on record since 2019. By capital raised it ranks in the upper tier (ahead of 71% 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.

SA fintech startup Lipa Payments raises $660k to help scale contactless platform 0 By Tom Jackson on February 24, 2022 News , Southern Africa South African fintech startup Lipa Payments, which is bringing the “tap to pay” experience to informal sectors with its software solution that enables merchants to accept contactless payments directly from a mobile phone, has raised ZAR10 million (US$660,000) in funding to help it scale. Founded in 2019 by Thando Hlongwane and Roger Bukuru, Lipa Payments aims to revolutionise the way the informal sector trades in goods and services.

SA fintech startup Lipa Payments raises $660k to help scale contactless platform 0 By Tom Jackson on February 24, 2022 News , Southern Africa South African fintech startup Lipa Payments, which is bringing the “tap to pay” experience to informal sectors with its software solution that enables merchants to accept contactless payments directly from a mobile phone, has raised ZAR10 million (US$660,000) in funding to help it scale. Founded in 2019 by Thando Hlongwane and Roger Bukuru, Lipa Payments aims to revolutionise the way the informal sector trades in goods and services.

fintech

As reported in public records reported — not modeled.

ZA
Jurisdiction
2
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$5.0M$10M$15M$20MPre-Seed · 2022-02-24 Raised $660K (real) Modeled valuation $12M (est)$660K$12MPre-Seed2022

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
Pre-Seed$660K · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$11.6M
Base estimate est.
$422K
Conservative case
$80.0M
Upside case
$3.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda 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.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 53% high
1.74×/yr
Annual markup
2.35×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.4 yr
On record since
2022
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) 0.2× of median
This company$660K
Sector median$4.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.2× above median
This company$660K
Sector median$550K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$11.6M
Sector median$45.1M

Raised more than 71% of sector peers (real $). Modeled value above 74% of peers (estimate).

Niche peers — same stage & era

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 #7 of 31.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)MoneyHash · Pre-Seed Raised $3.0M · modeled $53.6M (est)Nexta · Pre-Seed Raised $2.2M · modeled $37.7M (est)Sava · Pre-Seed Raised $1.8M · modeled $26.1M (est)Exponent Wealth Inc. · Pre-Seed Raised $900K · modeled $13.4M (est)Anchor · Pre-Seed Raised $1.0M · modeled $13.2M (est)Exits.me · Pre-Seed Raised $1.0M · modeled $12.8M (est)Buoy Pay Inc. · Pre-Seed Raised $634K · modeled $9.9M (est)Buoy Pay I, LLC · Pre-Seed Raised $620K · modeled $9.7M (est)Zofi Cash · Pre-Seed Raised $1.0M · modeled $8.8M (est)SETTLE · Pre-Seed Raised $2.0M · modeled $8.4M (est)Syarpa · Pre-Seed Raised $500K · modeled $8.1M (est)Lipa Payments (this company) Raised $660K · modeled $11.6M (est)Lipa Payments
CompanyStageRaised · realValue · estvs peer med.
MoneyHashPre-Seed$3.0M$53.6M8.45×
NextaPre-Seed$2.2M$37.7M5.95×
SavaPre-Seed$1.8M$26.1M4.11×
Exponent Wealth Inc.Pre-Seed$900K$13.4M2.12×
AnchorPre-Seed$1.0M$13.2M2.09×
Exits.mePre-Seed$1.0M$12.8M2.02×
Lipa Payments this companyPre-Seed$660K$11.6M1.83×
Buoy Pay Inc.Pre-Seed$634K$9.9M1.57×
Buoy Pay I, LLCPre-Seed$620K$9.7M1.53×
Zofi CashPre-Seed$1.0M$8.8M1.39×
SETTLEPre-Seed$2.0M$8.4M1.33×
SyarpaPre-Seed$500K$8.1M1.27×
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.
Pre-Seed$660K2022-02-24$3.7M$11.6M45%
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. Pre-Seed$660K2022-02-24
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$1.1M
Modeled next size est.range $686K$1.7M
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

Lipa Payments 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
PremierCreditFintechPre-Seed$650K$21.9Msame sector · same stage
Yalla XashFintechPre-Seed$675K$16.9Msame sector · same stage
LODE Payments International LLCFintechPre-Seed$637K$21.8Msame sector · same stage
Buoy Pay Inc.FintechPre-Seed$634K$9.9Msame sector · same stage
ScaleFintechPre-Seed$700K$2.9Msame sector · same stage
Buoy Pay I, LLCFintechPre-Seed$620K$9.7Msame sector · same stage
Wealthblock Inc.FintechPre-Seed$706K$14.2Msame sector · same stage
Lemonade FinanceFintechPre-Seed$725K$15.2Msame sector · same stage
Investors

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

FirmRoundConfidence
Capitec BankPre-Seed55%
Imvelo VenturesPre-Seed55%
Frequently asked
How much funding has Lipa Payments raised?
Lipa Payments has raised approximately $660K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Lipa Payments's estimated valuation?
Provath's modeled valuation for Lipa Payments is approximately $11.6M (modeled range $422K–$80.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lipa Payments at?
Lipa Payments's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Feb 24.
What does Lipa Payments do and where is it based?
Lipa Payments operates in the Fintech sector, based in Africa. SA fintech startup Lipa Payments raises $660k to help scale contactless platform 0 By Tom Jackson on February 24, 2022 News , Southern Africa South African fintech startup Lipa Payments, which is bringing the “tap to pay” experience to informal sectors with its software solution that enables merchants to accept contactless payments directly from a mobile phone, has raised ZAR10 million (US$660,000) in funding to help it scale. Founded in 2019 by Thando Hlongwane and Roger Bukuru, Lipa Payments aims to revolutionise the way the informal sector trades in goods and services.
Explore related

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

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