Diligence memo · auto-generated · as of July 2, 2026
Payday
Payday looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Payday operates in Fintech, based in Rwanda, Africa. The Rwanda-based Payday, a leading pan-African neobank issuing global accounts to Africans, has announced a US$3 million seed round to power its expansion into Europe and North America.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Payday has raised $3.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2023-03-31.
Most recent recorded round closed around 2023-03-31.
Valuation (modeled)modeled
Provath models Payday at approximately $28M (range $2.6M–$104M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.27× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era. Within the normal band (127% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 3.3 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 80% of Fintech peers (1063 compared).
Modeled value ranks above 79% of those peers.
Closest niche peers: Floatpays Inc, Sote, Inc., Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc..
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.