Companies · Fintech

Pivo

Africa · Fintech

Diligence memoA one-page analyst read on Pivo — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
1
Rounds
Latest step-up
Top 24%
Sector rank · raised
Seed
Latest stage · inferred · Thu Nov 24 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Pivo looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.00× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 3.6 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.
Where it sits in Fintech

Pivo is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Nigerian fintech startup Pivo has closed a US$2 million seed funding round to upgrade existing products and build new ones to improve transaction management and payment reconciliation for supply chains.

Nigerian fintech startup Pivo has closed a US$2 million seed funding round to upgrade existing products and build new ones to improve transaction management and payment reconciliation for supply chains.

fintech

As reported in public records reported — not modeled.

NG
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2022-11-24 Raised $2.0M (real) Modeled valuation $22M (est)$2.0M$22MSeed2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$22.0M
Base estimate est.
$1.7M
Conservative case
$90.3M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 60% high
1.62×/yr
Annual markup
2.13×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.6 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.5× of median
This company$2.0M
Sector median$4.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.0× above median
This company$2.0M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$22.0M
Sector median$45.0M

Raised more than 77% of sector peers (real $). Modeled value above 78% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #27 of 53.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Floatpays Inc · Seed Raised $4.0M · modeled $65.7M (est)Sote, Inc. · Seed Raised $11.3M · modeled $65.5M (est)Earnipay · Seed Raised $4.0M · modeled $63.7M (est)Pink Swan Trading, Inc. · Seed Raised $3.3M · modeled $55.7M (est)Tweed Payments Inc. · Seed Raised $4.0M · modeled $53.7M (est)Coverage Cat Inc. · Seed Raised $4.0M · modeled $52.7M (est)Remedial Health · Seed Raised $4.4M · modeled $52.7M (est)Duplo · Seed Raised $4.3M · modeled $52.6M (est)Flash · Seed Raised $6.0M · modeled $48.3M (est)Mobie Payments, Inc. · Seed Raised $3.0M · modeled $47.0M (est)BluePenguin Payments Inc. · Seed Raised $3.2M · modeled $45.5M (est)ImaliPay · Seed Raised $3.0M · modeled $44.6M (est)Pivo (this company) Raised $2.0M · modeled $22.0M (est)Pivo
CompanyStageRaised · realValue · estvs peer med.
Floatpays IncSeed$4.0M$65.7M2.99×
Sote, Inc.Seed$11.3M$65.5M2.98×
EarnipaySeed$4.0M$63.7M2.90×
Pink Swan Trading, Inc.Seed$3.3M$55.7M2.53×
Tweed Payments Inc.Seed$4.0M$53.7M2.44×
Coverage Cat Inc.Seed$4.0M$52.7M2.40×
Remedial HealthSeed$4.4M$52.7M2.40×
DuploSeed$4.3M$52.6M2.39×
FlashSeed$6.0M$48.3M2.19×
Mobie Payments, Inc.Seed$3.0M$47.0M2.14×
BluePenguin Payments Inc.Seed$3.2M$45.5M2.07×
ImaliPaySeed$3.0M$44.6M2.03×
Pivo this companySeed$2.0M$22.0M1.00×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.0M2022-11-24$10.0M$22.0M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.0M2022-11-24
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$3.2M
Modeled next size est.range $2.1M$5.1M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Pivo is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
NG
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
BujetiFintechSeed$2.0M$13.3Msame sector · same stage
Equity Lending Solutions LLCFintechSeed$2.0M$11.9Msame sector · same stage
KlashaFintechSeed$2.0M$8.7Msame sector · same stage
PaylendFintechSeed$2.0M$33.9Msame sector · same stage
Union Credit Inc.FintechSeed$2.0M$23.3Msame sector · same stage
Sotira Fintech Co.FintechSeed$2.0M$29.7Msame sector · same stage
Breakout Trading Group LLCFintechSeed$2.0M$9.8Msame sector · same stage
White Wolf Private Credit Opportunities, LPFintechSeed$1.9M$35.2Msame sector · same stage
Frequently asked
How much funding has Pivo raised?
Pivo has raised approximately $2.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Pivo's estimated valuation?
Provath's modeled valuation for Pivo is approximately $22.0M (modeled range $1.7M–$90.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pivo at?
Pivo's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Nov 24.
What does Pivo do and where is it based?
Pivo operates in the Fintech sector, based in Africa. Nigerian fintech startup Pivo has closed a US$2 million seed funding round to upgrade existing products and build new ones to improve transaction management and payment reconciliation for supply chains.
Explore related

See where Pivo sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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