Diligence memo · auto-generated · as of July 2, 2026
Paystack, Inc.
Paystack, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Paystack, Inc. operates in Fintech, based in SAN FRANCISCO, LA, Nigeria; LA, Nigeria. Modern payments infrastructure for Africa
Sub-sector tags: Fintech, fintech.
Capital & rounds (filed)filed
Paystack, Inc. has raised $10M 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: $10M on 2018-08-23.
Most recent recorded round closed around 2018-08-23.
Valuation (modeled)modeled
Provath models Paystack, Inc. at approximately $293M (range $13M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.70× the median modeled value of Series A Fintech companies in 2016–2018 (13 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 0 months.
Last raise 7.9 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 89% of Fintech peers (1063 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Zoona, Mines, First Boston Bridge Lending Pool II, LLC, Mutual Trading Co., Inc., Flex Co.
Peoplefiled
2 named people on file across officers, directors and signatories.
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.