Diligence memo · auto-generated · as of July 2, 2026
Shift4 Payments, Inc.
Shift4 Payments, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Shift4 Payments, Inc. operates in Fintech, based in Allentown.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Shift4 Payments, Inc. has raised $38M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on 2022-08-31.
Most recent recorded round closed around 2023-01-23.
Valuation (modeled)modeled
Provath models Shift4 Payments, Inc. at approximately $15M (range $2.9M–$35M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.05× the median modeled value of Series B Fintech companies in 2022–2024 (14 peers) — value vs value, same stage and era. Issuer reports $100M+ revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 3.4 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 3.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Fintech peers (1063 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: PayMongo Inc., Treasury Prime Inc., Advisor Credit Exchange, LLC, Butter Payments, Inc., Apto Payments, Inc..
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.