Diligence memo · auto-generated · as of July 2, 2026
Nile
Nile looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Nile operates in Fintech, based in Africa. SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry 0 By Tom Jackson on May 19, 2022 News , Southern Africa South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 million (US$5.1 million) equity funding round led by Naspers Foundry. Nile was founded in 2020 to provide farmers with digital solutions that can address various pain points inherent to food trading – including price transparency, quality verification, speed of payments, the traceability of the produce and
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nile has raised $5.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.1M on 2022-05-19.
Most recent recorded round closed around 2022-05-19.
Valuation (modeled)modeled
Provath models Nile at approximately $67M (range $6.7M–$237M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.05× the median modeled value of Series A Fintech companies in 2022–2024 (32 peers) — value vs value, same stage and era. Within the normal band (105% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 4.1 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 85% of Fintech peers (1063 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Thndr, Peach Payments, Bite Ninja, Inc., Kinside Inc., Plerk Holdings LLC.
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.