Diligence memo · auto-generated · as of July 2, 2026
Migo
Migo has raised $20M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Migo is a private company, based in Africa. Nigerian credit startup Migo, formerly known as Mines, has raised a US$20 million Series B funding round to finance its expansion to Brazil.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Migo has raised $20M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2019-12-03.
Most recent recorded round closed around 2019-12-03.
Valuation (modeled)modeled
Provath models Migo at approximately $332M (range $50M–$1.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 100% of sector peers (8525 compared).
Modeled value ranks above 100% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.