Diligence memo · auto-generated · as of July 2, 2026
Nexta
Nexta looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Nexta operates in Fintech, based in Africa. Egyptian fintech and next-generation banking startup Nexta is set to launch operations after satisfying all Central Bank of Egypt (CBE) requirements and securing a US$2.2 million pre-seed funding round.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nexta has raised $2.2M 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: $2.2M on 2022-03-14.
Most recent recorded round closed around 2022-03-14.
Valuation (modeled)modeled
Provath models Nexta at approximately $38M (range $1.4M–$256M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 5.95× the median modeled value of Pre-Seed Fintech companies in 2022–2024 (31 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.3 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 78% of Fintech peers (1063 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: MoneyHash, Sava, Exponent Wealth Inc., Anchor, Exits.me.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.