Diligence memo · auto-generated · as of July 2, 2026
Salt Pay Co Ltd.
Salt Pay Co Ltd. has raised $1.0B over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Salt Pay Co Ltd. operates in Regtech, based in Grand Cayman. KYC
Sub-sector tags: regtech.
Capital & rounds (filed)filed
Salt Pay Co Ltd. has raised $1.0B in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $390M on 2021-03-25.
Most recent recorded round closed around 2021-11-08.
Valuation (modeled)modeled
Provath models Salt Pay Co Ltd. at approximately $6.8B (range $1.9B–$12.8B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 3 months.
Last raise 4.6 yr ago; this sector typically re-raises about every 7 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Regtech peers (29 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: PresenceLearning Holdings, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
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.